Money laundering is the illegal process of making money obtained from criminal activities appear legal. It involves disguising the origins of the money so that it cannot be traced back to its illegal source. Full definition
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)