Definition, Meaning & Synonyms
laundering
noun
/ˈlɔːndərɪŋ/
Definition
The process of concealing the origins of illegally obtained money, typically by passing it through a complex sequence of banking transfers or commercial transactions.
Examples
- The criminal was sentenced for money laundering activities.
- They used a series of companies to engage in laundering the funds.
Meaning
Laundering refers to the act of making illicit funds appear legitimate, often used in the context of money obtained through criminal activities.
Synonyms
- Money laundering
- Concealment
- Washing
