laun·der vt: to transfer (money or instruments deriving from illegal activity) so as to conceal the true nature and source
launder money through an offshore account

Merriam-Webster’s Dictionary of Law. . 1996.

To move money through different businesses, accounts, and banks in order to conceal its origins; the federal crime of obscuring the source of money obtained through illegal means such as drug dealing, racketeering, and other crimes.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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Look at other dictionaries:

  • Launder — Laun der, v. t. [imp. & p. p. {Laundered} (l[add]n d[ e]rd or l[aum]n d[ e]rd); p. pr. & vb. n. {Laundering}.] 1. To wash, as clothes; to wash, and to smooth with a flatiron or mangle; to wash and iron; as, to launder shirts. [1913 Webster] 2. To …   The Collaborative International Dictionary of English

  • launder — (v.) 1660s, to wash linen, from noun launder one who washes (especially linen), mid 15c., a contraction of lavender, from O.Fr. lavandier washer, launderer, from M.L. lavandaria a washer, ultimately from L. lavare to wash (see LAVE (Cf. lave)).… …   Etymology dictionary

  • Launder — Laun der (l[add]n d[ e]r or l[aum]n d[ e]r), n. [Contracted fr. OE. lavender, F. lavandi[ e]re, LL. lavandena, from L. lavare to wash. See {Lave}.] 1. A washerwoman. [Obs.] [1913 Webster] 2. (Mining) A trough used by miners to receive the… …   The Collaborative International Dictionary of English

  • Launder — Launder. См. Лотковый конвейер. (Источник: «Металлы и сплавы. Справочник.» Под редакцией Ю.П. Солнцева; НПО Профессионал , НПО Мир и семья ; Санкт Петербург, 2003 г.) …   Словарь металлургических терминов

  • launder — [v] wash clean, cleanse, do the laundry*, do the washing*, rinse; concept 165 …   New thesaurus

  • launder — ► VERB 1) wash and iron (clothes or linen). 2) informal pass (illegally obtained money) through legitimate businesses or foreign banks to conceal its origins. DERIVATIVES launderer noun. ORIGIN originally denoting a person who washes linen: from… …   English terms dictionary

  • launder — [lôn′dər] n. [ME, contr. < lavender, washerwoman < OFr lavandier < ML lavandarius < LL lavandaria, things to be washed < L lavandus, ger. of L lavare, to wash: see LAVE1] a water trough, esp. one used in mining for washing dirt… …   English World dictionary

  • launder — To move illegally acquired cash through financial systems so that it appears to be legally acquired. Bloomberg Financial Dictionary * * * launder laun‧der [ˈlɔːndə ǁ ˈlɒːndər] verb [transitive] LAW launder money/​profits to put money which has… …   Financial and business terms

  • launder — [[t]lɔ͟ːndə(r)[/t]] launders, laundering, laundered 1) VERB When you launder clothes, sheets, and towels, you wash and iron them. [OLD FASHIONED] [V n] How many guests who expect clean towels every day in an hotel launder their own every day at… …   English dictionary

  • launder — launderable, adj. launderability, n. launderer, n. /lawn deuhr, lahn /, v.t. 1. to wash (clothes, linens, etc.). 2. to wash and iron (clothes). 3. Informal. a. to disguise the source of (illegal or secret funds or profits), usually by transmittal …   Universalium

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