Crossword clues for money laundering
money laundering
Wiktionary
n. The act of engaging in transactions designed to obscure the origin of money that has been obtained illegally.
WordNet
n. concealing the source of illegally gotten money
Wikipedia
Money laundering is the process of transforming the proceeds of crime and corruption into ostensibly legitimate assets. In a number of legal and regulatory systems, however, the term money laundering has become conflated with other forms of financial and business crime, and is sometimes used more generally to include misuse of the financial system (involving things such as securities, digital currencies, credit cards, and traditional currency), including terrorism financing and evasion of international sanctions. Most anti-money laundering laws openly conflate money laundering (which is concerned with source of funds) with terrorism financing (which is concerned with destination of funds) when regulating the financial system.
Some countries define money laundering as obfuscating sources of money, either intentionally or by merely using financial systems or services that do not identify or track sources or destinations. Other countries define money laundering to include money from activity that would have been a crime in that country, even if it was legal where the actual conduct occurred.
Usage examples of "money laundering".
A lot of unsavoury characters switched to money laundering and the tax havens off the East Coast.
Cassandra Jean Ridley, it would appear, had been engaged in money laundering, albeit on a relatively minor scale.
Hiding legitimately acquired money to avoid taxation also qualified as money laundering.
The envelopes held hard-copy proof that the client was violating the rules against money laundering as prescribed by the DEA.
He's got a brother with a million dollars who's an expert in money laundering and electronic banking.
He'd hoped to impress Reenie with his brilliance, and all he'd found were a number of definite signs that Jon Casen was up to his ears in money laundering but no real evidence to prove it.
There's an agency called the Financial Action Task Force on Money Laundering.
FATE It's an inter-governmental group, develops and promotes policies to defeat money laundering schemes.
As far as we're concerned, FATF is the group that sets up money laundering counter-measures in non-member countries.
The defrocked commissioner was so crushed by Pineiro's stiff sentenceand cutting wordsthat last week he threw in the towel on pending bank fraud and money laundering charges.