laundered money

laundered money definition - finance
Money that has been transmitted through many different accounts, usually foreign, in an attempt to disguise its illegal origins. Money laundering is illegal and in recent years there has been a push by regulatory and legal officials in developed countries to attempt to stop money laundering.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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