money laundering Meaning in Cambridge Business English Dictionary
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Meaning of "money laundering" - Business English Dictionary

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money laundering

noun [U]
 
 
LAW, FINANCE the action of moving money which has been earned illegally through banks and other business, to make it seem to have been earned legally: Authorities plan to limit cash deposits of dollars at bank counters as a measure against money laundering.
(Definition of money laundering from the Cambridge Business English Dictionary © Cambridge University Press)
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