money laundering
Definition
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.
money laundering is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
money laundering appears in the definitions of the following terms: bank secrecy, laundering, dirty money and black money
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