launder

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Related to launderer: Money launderer

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.
References in periodicals archive ?
This action builds on our continued effort to disrupt Mexican drug cartels by targeting the money launderers who provide support to organizations such as the Sinaloa Cartel and cartel leaders such as Mayo Zambada and Chapo Guzman.
2) hedge funds are illiquid and a poor target for money launderers, and
As money launderers seek new targets, Martin Woods asks if businesses are ready to protect themselves.
Once the company goes public, the money launderer can sell his or her stake, thereby giving funds the appearance of having been derived from a legitimate securities transaction," said the report.
Since giving up his criminal career, Rijock has also trained undercover agents for the Royal Canadian Mounted Police, acting as a money launderer in an undercover role on behalf of law enforcement in Florida, and on behalf of network television in the tax havens of the Caribbean, and acting as consultant in money laundering tactics for a major Hollywood motion picture studio.
Thanks primarily to a booming drug trade, more sophisticated techniques used by launderers, a weak economy and corruption, money laundering remains out of control here.
To avoid this, many launderers make extra payments to themselves in the form of disguised consulting fees, salaries and the like.
The successful money launderer closely approximates legal transactions employed routinely by legitimate businesses.
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.
Michels told me, sarcastically, that if I could find a money launderer he'd be glad to have him on.