launder (to)

 Put illegal funds through a legitimate business, thereby cleaning the money of its “dirty” origin.
 ► “Harvey Weinig, a New York lawyer, was sentenced to 11 years and three months in prison for participating in a $100 million scheme to launder money from drug proceeds for the Cali cocaine cartel.” (Wall Street Journal, March 25, 1996, p. A1)

American business jargon. 2014.

Look at other dictionaries:

  • launder — 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. Merriam Webster. 1996. launder …   Law dictionary

  • 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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