Meaning of “money laundering” in the English Dictionary

business-english dictionary

(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)