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money laundering

Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. The act of engaging in transactions designed to obscure the origin of money that has been obtained illegally.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. concealing the source of illegally gotten money

Etymologies

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Examples

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  • Damned lagomorphs! They're not to be trusted. That's the last time I contribute to the myxomatosis fund.

    July 25, 2009

  • Yep. This is one of the weirdest news stories I've read in a while.

    July 24, 2009

  • "According to the U.S. Attorney's Office, the investigation initially focused, with the help of the cooperating witness, on the money laundering network that operated between Brooklyn, Deal, N.J. and Israel. The network is alleged to have laundered tens of millions of dollars through charities controlled by rabbis in New York and New Jersey."
    - FBI Arrests Mayors, Rabbis In New Jersey Sweep, nypost.com, 23 July 2009.

    July 24, 2009