Definition of Money laundering

the process of putting illegally earned money into legal businesses and accounts as a way to make it seem as if the funds are legitimate

Examples of Money laundering in a sentence

The mob members were pros in money laundering and used a dry cleaning business as a cover for their shady deals.  🔊

Convicted on money laundering charges, the big time drug dealer had to admit his investment banking was just a cover for his dirty funds.  🔊

The police suspect the man is guilty of money laundering and is using a construction business as a cover for his illegal activities.  🔊

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