money laundering

The process of running illegal proceeds through a supposedly legitimate business, to turn your "dirty" money into "clean" money, and, uh, fuck it just go watch season 4 of Breaking Bad.



money laundering
(n.) The process of hiding the source of illegal income by processing it through a large-turnover entity, who takes a premium from it, and then receiving the income from that entity to avoid suspicion.

This definition has evolved to include any form of hiding income (or sources of income) in the interests of avoiding tax, although the problem posed by non-specific 'cover-all' statements means that it is open to loopholes because of the vast grey areas.

Money laundering has been practised for over 6000 years, but the term itself comes from the prohibition era of american history.
Example:
If a public limited company were to pay its director fees or dividends through purchasing toy cars worth £1 each for @ £50,000 each from a foreign company (and listing them as real cars) owned by the receiving directors/shareholders so they get their money with minor taxation, that would be covered by the extended definition of money laundering.


money laundering
1. when a group of criminal makes money out of illegal arms sales, smuggling, organized crime, drug trafficking, prostitution rings, embezzlement, insider trading, bribery and computer fraud schemes hide how they make their money by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.
2. when you wash your pants and there is still money inside them
Example:
Money laundering is done on a world scale


money laundering
Something you unfortunately cannot learn to do by looking it up in a dictionary.

If you've come here to, just turn yourself over to the police and tell them where you got all the money. It's probably for the better.
Example:
I got it, we'll just launder the money! My junkie cousin used to do money laundering all the time.


money-laundering
Where a clothes-washing-service employee intentionally adds a really muddy/greasy garment or towel to your merely-lightly-soiled laundry, causing the entire load to not get sufficiently cleaned when washed the first time, and therefore "obliging" the worker to throw said wash back into the machine for another full laundering-cycle, which of course you end up getting charged for, and thus the establishment dishonestly makes extra money that way.
Example:
I always do my own wash at a self-service laundromat... I don't trust "professional" outfits that do it for you --- too many money-laundering establishments out there!


Intermarriage Money Laundering
This is when the wife writes a $20,000.00 check from the joint account as a deposit for a very large purchase, requests it back made payable to her, deposits the funds into her personal account and then pays the full amount of the purchase on the joint credit card to earn miles for her upcoming trip to New York with the girls...
Example:
My use of intermarriage money laundering is how I was able to buy my Birkin bag.


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