noun
- the act of washing clothes or linens
- the illegal practice of concealing the origins of money obtained through criminal activity by passing it through legitimate businesses
Usage: legal term
Examples
- The hotel staff handles all the laundering of towels and sheets.
- She spent Saturday morning doing the laundering.
- The company was investigated for money laundering.
- Banks must report suspicious transactions to prevent laundering.
- The laundering operation involved multiple offshore accounts.
- New regulations aim to combat the laundering of drug money.