Definition of «money laundering»

Money laundering is a process in which criminals attempt to disguise the origins of their money, making it appear as though it was obtained legally. This can involve a series of complex transactions designed to obscure the source and nature of the funds, often by moving them through various financial institutions or businesses. The goal of money laundering is typically to legitimize illegally gained income, allowing criminals to use their proceeds without fear of detection or prosecution.

Sentences with «money laundering»

  • As such, the financial watchdog is concerned that the platform could be used for money laundering activities. (coindesk.com)
  • Indeed, one year ago, Dutch police working with an international team, arrested 10 people that where involved in money laundering activities. (coinstaker.com)
  • Failure to comply with money laundering regulations, for example, has been an offence since 1993. (newlawjournal.co.uk)
  • (see all sentences)
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