Meaning of “money laundering” in the English Dictionary

british dictionary

"money laundering" in British English

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money launderingnoun [ U ]

uk /ˈmʌn.i ˌlɔːn.də.rɪŋ/ us /ˈmʌn.i ˌlɑːn.dɚ.ɪŋ/

the crime of moving money that has been obtained illegally through banks and other businesses to make it seem as if the money has been obtained legally

(Definition of “money laundering” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"money laundering" in Business English

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money launderingnoun [ U ]

uk us

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)