money laundering

money laundering definition - finance
Making money that is generated through criminal activities appear as if it was earned through legitimate business activities. Detecting money-laundering activities is often very difficult because the money often is transferred between several accounts in order to conceal its true origins. As terrorism activities have increased, so too has the motivation for 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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