money laundering

Definitions

Accounting

• noun the act of passing illegal money into the banking system

Economics

• noun the passing of money from illegal activities, such as drug trafficking, through apparently legitimate businesses to allow it to be used further without being detected

Forex

• The process by which funds obtained through illegal means can be made to appear legitimately gained. money laundering typically occurs in three steps: (1) placement by introducing cash into the financial system, (2) layering on a series of transactions to disguise the illegitimate source of the funds, and (3) integration by using the funds to obtain valuables.

Nearby Definitions of “money laundering”

• model
• modem
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• Molière
• money laundering
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Contexts for “money laundering”

3 definitions in context
• Accounting
• Economics
• Forex