Definitions for "Laundering"
Laundering is the process of cleaning illicitly gained money so that it appears to either have come from or to be going to a legitimate source.
The process of shifting illegally gained cash through accounts or transactions to disguise its source.
The covert action of passing money through channels secretively of via a chain of financial transactions, often using offshore facilities, to evade detection.
The act, or occupation, of one who launders; washing and ironing.
washing clothes and bed linens
The name given to the wet, or water washing process for cleaning garments which will remove residuals and particles. Go to top