laundering
/ˈlɔːndərɪŋ/
noun
- The act of washing and ironing clothes and linens.
- She does the family's laundering every Saturday morning.
- The hotel sends its laundering to an outside service.
- Modern laundering is much easier with washing machines and dryers.
- The process of making illegally obtained money appear legal by passing it through a legitimate business or sequence of transactions.
- The accountant was arrested for laundering millions through shell companies.
- New laws aim to prevent laundering of drug cartel profits.
- The bank was accused of money laundering on a massive scale.
verb
- Present participle of launder: washing and ironing clothes or linens.
- She spends hours laundering delicate fabrics by hand.
- I am laundering my shirts before the trip.
- The staff is laundering all the tablecloths after the banquet.
- Present participle of launder: moving illegally obtained money through a legitimate source to conceal its origin.
- He was caught laundering funds for a foreign dictator.
- The criminals were laundering money through a chain of car washes.
- The company is under investigation for laundering proceeds from fraud.