laundering


Also found in: Thesaurus, Legal, Financial, Idioms, Encyclopedia, Wikipedia.

laun·der

 (lôn′dər, län′-)
v. laun·dered, laun·der·ing, laun·ders
v.tr.
1.
a. To wash (clothes, for example).
b. To wash, fold, and iron: shirts that were neatly laundered by the hotel staff.
2. To make (illegally obtained money) appear lawfully obtained or legitimate, especially by transferring it through legitimate accounts or businesses.
3. To make more acceptable or presentable, sanitize: "The transcripts are, of course, laundered ... unidentified larger chunks of conversation are reported missing throughout" (Eliot Fremont-Smith).
v.intr.
1. To undergo washing in a specified way: This material launders well.
2. To wash or prepare laundry.
n.
A trough or flume used in washing ore.

[From Middle English launder, lavender, launderer, from Old French lavandier, from Vulgar Latin *lavandārius, from Latin lavandāria, things to be washed, from lavanda, neuter pl. gerundive of lavāre, to wash; see leu(ə)- in Indo-European roots.]

laun′der·er n.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

laundering

(ˈlɔːndərɪŋ)
n
the act of washing, sometimes starching, and often also ironing (clothes, linen, etc)the processing of illegally acquired funds through a legitimate business or a foreign bank to make them appear respectable
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

laundering

In counterdrug operations, the process of transforming drug money into a more manageable form while concealing its illicit origin. Foreign bank accounts and dummy corporations are used as shelters. See also counterdrug operations.
Dictionary of Military and Associated Terms. US Department of Defense 2005.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.laundering - washing clothes and bed linenslaundering - washing clothes and bed linens  
lavation, washing, wash - the work of cleansing (usually with soap and water)
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

laundering

[ˈlɔːndərɪŋ] N
1. (lit) → colada f
2. (fig) [of money] → blanqueo m, lavado m (LAm)
money launderingblanqueo m de dinero, lavado m de dinero (LAm)
Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005
References in classic literature ?
She made little corset covers and chemises of fine but fairly inexpensive lawns, and, with simple flowered designs and perfect laundering, her nightgowns were always sweetly fresh and dainty.
As if in review, her anchorite existence passed before her: six days of the week spent in the office and in journeying back and forth on the ferry; the hours stolen before bedtime for snatches of song at the piano, for doing her own special laundering, for sewing and mending and casting up of meagre accounts; the two evenings a week of social diversion she permitted herself; the other stolen hours and Saturday afternoons spent with her brother at the hospital; and the seventh day, Sunday, her day of solace, on Mab's back, out among the blessed hills.
In order to invest their assets and avoid them being seized by the government, drug traffickers, kidnappers and other criminals transform the monetary proceeds of their criminal activity into revenue from apparently legal sources in a practice known as money laundering. With a number of cases recently discovered inside the country, Yemen is no exception.
Despite strict enforcement of federal anti-money-laundering laws, criminals are constantly finding ways to transform dirty money -- the proceeds of illegal activities -- into clean cash, and one of their most important routes is laundering money via international trade.
Money laundering presents challenges to legislators, both in South Africa and globally, considering that its use ranges from criminal syndicates profiting from criminal activities, to financiers of terrorist activities.
Summary: New Delhi [India], Aug 28 (ANI): Solicitor General Tushar Mehta on Thursday apprised the Supreme Court that the Enforcement Directorate (ED) cannot share details of the investigation till the chargesheet is filed against former finance minister P Chidambaram in the INX Media money laundering case.
ISLAMABAD/RAWALPINDI -- Co-accused in the mega money laundering case alongside the former President of the country Asif Ali Zardari set free by Accountability Court judge Muhammad Bashir, media reported on Thursday.
There are 58 cases of money laundering, which are currently under investigations, says Minister for Presidential Affairs, Governance and Public Administration, Mr Nonofo Molefhi.
This is unacceptable and Pakistan should demand the UK and EU to catch the criminals, stop such facilities for money laundering and also help in returning the laundered stolen money back to Pakistan.
Dy Vichea, the National Police deputy chief and Ministry of Interior's central security department director, told The Post on Wednesday that money laundering offences had increased in an intertwined and complex manner.
News Desk Finance Minister AHM Mustafa Kamal Thursday said the government would make necessary amendments to the Money Laundering Prevention Act of 2012 to cope with the changing scenario of money laundering and terrorism financing.