Money Laundering
/ˈmʌni ˈlɔːndərɪŋ/
Definitions
- (n.) The process of concealing the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses.
The defendant was charged with money laundering after attempting to disguise the source of his illicit profits.
Related terms
Commentary
Often involves multi-jurisdictional transactions; legal definitions may vary by jurisdiction but focus on concealment of illicit funds' origins.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.