to disguise the source of (illegal or secret funds or profits), usually by transmittal through a foreign bank or a complex network of intermediaries.
b.
to disguise the true nature of (a transaction, operation, or the like) by routing money or goods through one or more intermediaries.
4.
to remove embarrassing or unpleasant characteristics or elements from in order to make more acceptable: He'll have to launder his image if he wants to run for office.
to wash, sometimes starch, and often also iron (clothes, linen, etc)
2.
(intr) to be capable of being laundered without shrinking, fading, etc
3.
(tr) to process (something acquired illegally) to make it appear respectable, esp to process illegally acquired funds through a legitimate business or to send them to a foreign bank for subsequent transfer to a home bank
—n
4.
a water trough, esp one used for washing ore in mining
[C14 (n, meaning: a person who washes linen): changed from lavender washerwoman, from Old French lavandiere, ultimately from Latin lavāre to wash]
"to wash linen," 1660s; see laundry. Criminal banking sense first recorded 1961, from notion of making dirty money seem clean; brought to widespread use during U.S. Watergate scandal, 1973. Related: Laundered; laundering.
tv. to conceal the source and nature of stolen or illicitly gotten money by moving it in and out of different financial institutions. (Underworld. See also greenwash.) : The woman's sole function was to launder the money from drug deals.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition. Copyright 2007. Published by McGraw Hill.
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