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launder

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launder

[′lȯn·dər]
(engineering)
An inclined channel or trough for the conveyance of a liquid, such as for water in mining and construction engineering or for molten metal.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
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References in periodicals archive
For sure the watch holds value and travels easily, characteristics which are attractive to a launderer.
One problem, noted FATF is that suspicious transaction reporting in the sector remains relatively low, partly because of a lack of awareness of its vulnerability to launderers and "insufficient securities-specific indicators and case studies," a weakness its report aims to remedy.
World-Check says Rijock is believed to be the only former banking lawyer-turned career money launderer who actively consults with law enforcement and the financial community.
Stage two in the modern money launderer's guide is called "layering." Even though the money may no longer be directly in a criminal's hands, the cunning take further measures to cover their tracks.
To avoid this, many launderers make extra payments to themselves in the form of disguised consulting fees, salaries and the like.
Understanding the global threat of money laundering and the international community's response will assist investigators pursuing the evidentiary trail of a launderer by identifying the enforcement tools and techniques developed to overcome obstacles encountered when crossing international boundaries.
Federal law and many state statutes require reports on transactions involving more than $10,000, and money launderers must find ways to circumvent these requirements.
"The stories pertaining to Imran being 'Sadiq and Ameen (truthful and honest)' extend from London's streets to California's courts and then to the mountains of Bani Gala," said Hanif Abbasi.The PML-N leader said that the PTI chief is a money launderer as well.
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