money laundering



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money laundering

The criminal act or practice of processing large amounts of money obtained through illegitimate or illegal means, often in small increments through banks or other legitimate businesses, so as to conceal its source or origins. One of the clubs downtown was shut down last week on charges of suspected money laundering for a local criminal enterprise.
See also: launder, money

Common Names:

NameGenderPronouncedUsage
Innokenty-Russian
Ingeborg['iŋgəbɔ:g]
PagePAYJEnglish
Su (2)-Chinese
Thijmen-Dutch
Pene-English (Rare)