Definition, Meaning & Synonyms

money-laundering

noun

/ˈmʌni ˈlɔːndərɪŋ/

Definition

The act of making illegally obtained money appear legitimate by disguising its original source.

Examples

He was charged with money-laundering after the authorities traced his funds back to illegal drug sales.
The bank implemented new procedures to combat money-laundering activities.
Money-laundering can severely impact a country’s economy if not properly regulated.

Meaning

Money laundering involves a process where criminals try to conceal the origins of money obtained through illegal activities, making it seem like it comes from a lawful source.