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English definition of “launder”

launder

verb [T]
 
 
/ˈlɔːndər/ LAW, FINANCE
to move money which has been earned illegally through banks and other businesses to make it seem to have been earned legally: launder funds/money/proceeds Officials were accused of laundering the stolen funds overseas before returning them to the US.
laundering noun [U] launderer noun [C]
(Definition of launder from the Cambridge Business English Dictionary © Cambridge University Press)
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