launder

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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

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

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 ?
[20] The inability to determine the amount of money laundered impedes an adequate understanding of the magnitude of the crime, its macroeconomic effect, and the effectiveness of current counterlaundering efforts.
At least $200 billion a year of the world's drug money is laundered offshore, according to the 1998 U.N.
Other Administration proposals would prosecute foreign officials who embezzle money and launder it through U.S.
Such prices seem highly suspect -- and could be examples of someone using international trade to launder money.