Money Laundering (Noun)
Meaning
Concealing the source of illegally gotten money.
Classification
Nouns denoting acts or actions.
Examples
- The authorities were investigating a complex case of money laundering involving several offshore bank accounts and shell companies.
- Money laundering is a serious crime that can result in severe penalties, including imprisonment and hefty fines.
- The financial institution was fined heavily for failing to report suspicious transactions that were later linked to money laundering activities.
- The politician was accused of using his charity to engage in money laundering, disguising the origin of the funds as donations.
- The organized crime group used a network of legitimate businesses to conceal their money laundering operations and avoid detection.