Definition

laundering

noun
  1. the act of washing clothes or linens
  2. the illegal practice of concealing the origins of money obtained through criminal activity by passing it through legitimate businesses
  3. Usage: legal term

Examples

  • The hotel staff handles all the laundering of towels and sheets.
  • She spent Saturday morning doing the laundering.
  • The company was investigated for money laundering.
  • Banks must report suspicious transactions to prevent laundering.
  • The laundering operation involved multiple offshore accounts.
  • New regulations aim to combat the laundering of drug money.

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