Money laundering

volume
folder open
wordList
Close
British pronunciation/mˈʌnɪ lˈɔːndəɹɪŋ/
American pronunciation/mˈʌni lˈɔːndɚɹɪŋ/
Money laundering
01

the process of concealing the origins, ownership, or destination of illegally obtained money by passing it through a legitimate financial institution or businesses

folder open
wordList
Close
money laundering definition and meaning

What is the origin of the idiom "money laundering" and when to use it?

The idiom "money laundering" originated in the United States during the 1920s when criminals wanted to hide the money they earned from selling illegal alcohol. They called it "money laundering" because they tried to make the money look clean, just like washing dirty clothes. Since then, the term has been used to describe hiding the source of illegal money by making it seem like it came from legal activities.

example
Example
examples
Criminal organizations engage in money laundering to disguise the illegal proceeds of their activities.
The criminal mastermind was convicted for his involvement in a large-scale money laundering operation.
If money laundering activities are detected, law enforcement agencies will take immediate action to investigate and prosecute the offenders.
Stricter regulations will be implemented to combat money laundering and track illicit financial transactions.
She suspects that the company is currently involved in money laundering to legitimize their illicit funds.
download-mobile-app
Download Our Mobile App
Langeek Mobile Application
download application
Shareable cards

Definition & Meaning of "Money laundering"
Copyright © 2024 Langeek Inc. | All Rights Reserved |Privacy Policy
Copyright © 2024 Langeek Inc.
All Rights Reserved
instagramtelegramlinkedintwitterfacebook
langeek application

Download Mobile App

stars

app store