launder money

(redirected from launders 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
References in periodicals archive ?
Otten knows full well that Reeve launders money through a man named Kowenieki, an Accountant in Guernsey.