MONEYLAUNDERING

Money laundering

Money laundering is the process of concealing sources of money. Money evidently gained through crime is "dirty" money, and money that has been "laundered" to appear as if it came from a legitimate source is "clean" money. Money can be laundered by many methods, which vary in complexity and sophistication.

The above text is a snippet from Wikipedia: Money laundering
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money laundering

Noun

  1. The act of engaging in transactions designed to obscure the origin of money that has been obtained illegally.


The above text is a snippet from Wiktionary: money laundering
and as such is available under the Creative Commons Attribution/Share-Alike License.

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