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launder

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
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.


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2) The Drug Enforcement Administration (DEA) explains the methods drug traffickers currently use to launder their illegal proceeds:
Likewise, companies would be well advised to insist that their agents and brokers establish sufficient systems to prevent the companies' policies and services from being used to launder money or further terrorism.
The system is designed to make it comparably difficult to launder money in New York, London, Singapore, or the Cayman Islands.
 
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