launder

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Related to laundered: Laundered Money
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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 ?
4) 4 tee-shirts/9 pants (shirts to be laundered by employee; pants to be laundered by uniform
3) 7 shirts/3 jeans (shirts to be laundered by uniform company; jeans to be laundered by
Once the exchanger has laundered the drug trade proceeds, he or she can sell them to Colombian importers who use them to buy goods in the United States or anywhere else.
The courts base suspects' sentences on the amounts they laundered, which is determined through their own business records.
Such clandestine records also provide the evidence needed to show the source of the laundered funds.