“Launder” typically refers to the act of cleaning or washing something, often associated with money laundering, which is a process of concealing the origins of illegally obtained money. In the context of money laundering, the term “launder” refers to the process of disguising the illegal origins of funds by transferring them through a complex series of transactions or financial institutions. This is done to make the money appear to have come from a legitimate source, thereby allowing criminals to use the funds without attracting suspicion. Money laundering is illegal and subject to severe penalties in many jurisdictions.
To run illegally acquired money through a legitimate business to make it more difficult to track.
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This glossary post was last updated: 29th March, 2024.
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