LAUNDERING Meaning and
Definition
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Laundering refers to the process of making illegal or illicitly obtained money or assets appear legal or legitimate by concealing their true origins. It involves disguising the source and ownership of funds or assets, making them appear as if they were obtained through legal means.
Typically, money laundering involves three stages that allow criminals to integrate illicit funds into the legitimate economy without raising suspicion. The first stage, known as placement, involves introducing the illegal money into the financial system, often by depositing it into bank accounts or purchasing assets. The second stage, called layering, aims to disguise the illicit funds by creating complex layers of transactions and movements between various accounts or assets. This step often includes multiple transfers, conversions, and transactions in different countries or jurisdictions. The final stage, integration, involves reintroducing the "cleaned" funds back into the economy, making them appear as legitimate wealth.
Money can be laundered through various methods, such as smurfing (breaking up large sums into smaller ones), using shell companies or offshore accounts, investing in legitimate businesses, or engaging in international trade transactions. The primary purpose of money laundering is to ensure that the illegal gains can be used freely and without detection while evading law enforcement efforts.
Laundering is considered a serious criminal offense in most jurisdictions worldwide, as it facilitates illegal activities, such as drug trafficking, fraud, corruption, and terrorist financing. Governments and international organizations have established anti-money laundering (AML) laws and regulations to combat and prevent money laundering activities, requiring financial institutions and other entities to implement robust measures to detect and report suspicious transactions.
Top Common Misspellings for LAUNDERING *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for LAUNDERING
Etymology of LAUNDERING
The word "laundering" is derived from the Middle English word "laundri" or "lavendry", which comes from Old French "lavanderie". In turn, this originates from the Latin word "lavatorium", which means a washing place. The term "laundering" specifically refers to the act of washing and ironing clothing or fabrics, but it has also adopted a broader meaning related to money laundering, which refers to the process of disguising the origins of illegally obtained money.
Idioms with the word LAUNDERING
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money laundering
The idiom "money laundering" refers to the illegal practice of disguising the origins of money obtained through illegal activities, such as drug trafficking or fraud, by making it appear to come from legitimate sources. It involves a series of transactions that make the illegally obtained money look clean or "laundered," allowing criminals to use it freely without raising suspicion or attracting attention from law enforcement agencies.
Similar spelling words for LAUNDERING
- wandering,
- Floundering,
- plundering,
- Slandering,
- launderette,
- lanterman,
- Lantrip,
- landrith,
- Blundering,
- lanthier,
- Landers,
- launder,
- thundering,
- lantern,
- landeros.
Conjugate verb Laundering
CONDITIONAL
I
would launder
we
would launder
you
would launder
he/she/it
would launder
they
would launder
FUTURE
I
will launder
we
will launder
you
will launder
he/she/it
will launder
they
will launder
FUTURE PERFECT
I
will have laundered
we
will have laundered
you
will have laundered
he/she/it
will have laundered
they
will have laundered
PAST
I
laundered
we
laundered
you
laundered
he/she/it
laundered
they
laundered
PAST PERFECT
I
had laundered
we
had laundered
you
had laundered
he/she/it
had laundered
they
had laundered
PRESENT
I
launder
we
launder
you
launder
he/she/it
launders
they
launder
PRESENT PERFECT
I
have laundered
we
have laundered
you
have laundered
he/she/it
has laundered
they
have laundered
I
am laundering
we
are laundering
you
are laundering
he/she/it
is laundering
they
are laundering
I
was laundering
we
were laundering
you
were laundering
he/she/it
was laundering
they
were laundering
I
will be laundering
we
will be laundering
you
will be laundering
he/she/it
will be laundering
they
will be laundering
I
have been laundering
we
have been laundering
you
have been laundering
he/she/it
has been laundering
they
have been laundering
I
had been laundering
we
had been laundering
you
had been laundering
he/she/it
had been laundering
they
had been laundering
I
will have been laundering
we
will have been laundering
you
will have been laundering
he/she/it
will have been laundering
they
will have been laundering
I
would have laundered
we
would have laundered
you
would have laundered
he/she/it
would have laundered
they
would have laundered
I
would be laundering
we
would be laundering
you
would be laundering
he/she/it
would be laundering
they
would be laundering
I
would have been laundering
we
would have been laundering
you
would have been laundering
he/she/it
would have been laundering
they
would have been laundering
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