launder
/ˈlɔːndər/ verb [T] LAW, FINANCEDefinition
› 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] › The measure would have banned cash transfers to prevent the laundering of money. launderer noun [C] › The sophistication of today's money launderers is such that only a small percentage ever get caught.(Definition of launder verb from the Cambridge Business English Dictionary
© Cambridge University Press)
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