launder

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money laundering

The criminal act or practice of processing large amounts of money obtained through illegitimate or illegal means, often in small increments through banks or other legitimate businesses, so as to conceal its source or origins. One of the clubs downtown was shut down last week on charges of suspected money laundering for a local criminal enterprise.
See also: launder, money

launder money

To process large amounts of money obtained through illegitimate or illegal means, often in small increments through banks or other legitimate businesses, so as to conceal its source or origins. One of the clubs downtown was shut down last week on charges of laundering money for a local criminal enterprise.
See also: launder, money

launder

tv. to conceal the source and nature of stolen or illicitly gotten money by moving it in and out of different financial institutions. (see also greenwash.) The woman’s sole function was to launder the money from drug deals.
References in periodicals archive ?
This did little to lessened long-term money laundering risks.
The eight counts of money laundering case against Deguito have been filed before the Makati Regional Trial Court.
Concluding, he urged certain circles "to finally stop the war" against Cyprus and the alleged accusations on money laundering.
In recent years, the UAE has made increasing efforts to address money- laundering issues, for instance, by introducing legislation and procedures to identify and address money-laundering activities, and empowering authorities to supervise and, where appropriate, impose sanctions for money-laundering activities.
Roger Weatherby, chief executive of Weatherbys Bank, said: "We take money laundering incredibly seriously.
Money laundering and terrorist financing are international problems and the effort to combat them should be global.
As part of a subsequent restructuring, in December 2010, the Attorney General's Office (AGO) transferred the prosecution of money laundering cases from the Organized Crime Bureau to the Economic Crimes Bureau.
M/39 was issued followed by a Saudi law to combat money laundering.
LCB's involvement in money laundering is also attributable to a failure to adequately control transactions that are highly vulnerable to criminal exploitation, including cash deposits and cross-border wire transfers; inadequate due diligence on high-risk customers including exchange houses; and, in some cases, complicity in the laundering activity by LCB managers.
In 2008, Lithuania implemented the third directive with the passage of its Law on the Prevention of Money Laundering and Terrorist Financing.
Abu Baker Murshed Al-Zuhairi, professor of public law in the Faculty of Law at Sana'a University, discussed the hazards of money laundering on the national economy.
Despite strict enforcement of federal anti-money-laundering laws, criminals are constantly finding ways to transform dirty money -- the proceeds of illegal activities -- into clean cash, and one of their most important routes is laundering money via international trade.
Global Banking News-25 March 2009-China cooperates to strengthen anti-money laundering legal system(C)2009 ENPublishing - http://www.
In the immediate aftermath of September 11, 2001, many experienced intelligence officers did not understand the concept of hawala, and few knew what it actually represented in the context of money laundering and terrorism financing.
Fortent (New York), a provider of anti-money laundering and fraud detection technology, has acquired Alert Global Media (AGM; Miami, FL), the publisher of moneylaundering.