Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun The act of engaging in
transactions designed toobscure theorigin of money that has been obtainedillegally .
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun concealing the source of illegally gotten money
Etymologies
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Examples
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bilby commented on the word money laundering
"According to the U.S. Attorney's Office, the investigation initially focused, with the help of the cooperating witness, on the money laundering network that operated between Brooklyn, Deal, N.J. and Israel. The network is alleged to have laundered tens of millions of dollars through charities controlled by rabbis in New York and New Jersey."
- FBI Arrests Mayors, Rabbis In New Jersey Sweep, nypost.com, 23 July 2009.
July 24, 2009
reesetee commented on the word money laundering
Yep. This is one of the weirdest news stories I've read in a while.
July 24, 2009
sionnach commented on the word money laundering
Damned lagomorphs! They're not to be trusted. That's the last time I contribute to the myxomatosis fund.
July 25, 2009