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 ?
'The same company launders money for Asif Ali Zardari and Shehbaz Sharif and I will reveal its name on April 15,' Rashid said on Wednesday after reviewing construction work at a railway station.