The concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses: he was convicted of money laundering and tax evasion
More example sentences
- Private banks sell secrecy to their clients, making them ideal for money laundering.
- Combating money laundering is a costly exercise.
- The bank officials involved in money laundering have backing from the highest levels of the banking institutions.
For editors and proofreaders
Syllabification: mon·ey laun·der·ing
Definition of money laundering in:
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