laundering


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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.

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

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.
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)
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)
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.
The international community loses hundreds of billions of dollars every year due to trade-based money laundering whereas Pakistan loses $10 billion a year to money laundering.
in the money laundering case involving $81 million stolen by hackers from the Bank of Bangladesh.
Khartoum, May 17 (SUNA) - The European Union (EU) has renewed its assistance to Sudan to face the challenges of combating money laundering (AML) and terrorist financing (CFT) to fulfil the international standards.
Islamabad -- Securities and Exchange Commission of Pakistan (SECP) does not have any capacity to investigate the money laundering cases.
January 17, 2014 (KHARTOUM) -- The governor of the Central Bank of Sudan (CBoS), Mohamed Ali Al-Sheikh, has acknowledged lack of transparency in reporting money laundering cases in the country.
Topic: fe 3/13: Study on the extent of money laundering in Germany and the money laundering risks in individual sectors of the economy: Short description:: The risk-based approach to European Money Laundering Directive provides that Member States have to examine the national money laundering risks regularly and evaluated.
Government Spokesman Stephanos Stephanou has urged the international community to end "the war against Cyprus" as regards allegations for money laundering.
The act of money- laundering was criminalised in 2002 pursuant to Federal Law No.
BRITISH racing is a poor medium for money laundering and is unlikely to suffer a scandal similar to that which has engulfed Europe's biggest bank HSBC, according to senior industry figures.
Money laundering is a major concern for all countries and governments, but recently became a priority for European Union to stop this phenomenon.