money laundering

Popular Terms
Legitimization (washing) of illegally obtained money to hide its true nature or source (typically the drug trade or terrorist activities). Money laundering is effected by passing it surreptitiously through legitimate business channels by means of bank deposits, investments, or transfers from one place (or person) to another.

Use 'money laundering' in a Sentence

The rampant money laundering that occurred in Miami in the 1980's led to banks charging customers a percentage of their deposits just for the privilege of storing their clean money in banks across the city.
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Walter White from AMC TV�s drama series, Breaking Bad, purchased a car wash and used money laundering techniques to hide all the money he made from the sale of his methamphetamine.
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We found out that the little Mexican restaurant that never seemed to have any customers was actually a money laundering front for the Mafia.
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