verb (used with object)
- to disguise the source of (illegal or secret funds or profits), usually by transmittal through a foreign bank or a complex network of intermediaries.
- to disguise the true nature of (a transaction, operation, or the like) by routing money or goods through one or more intermediaries.
verb (used without object)
Origin of launder
Examples from the Web for launderer
Historical Examples of launderer
You, Cale and Richards, run to fetch a launderer that shall set a mattress in the ante-chamber for this my cousin to lie on.The Fifth Queen Crowned
Ford Madox Ford
After due reflection I decided to start as a launderer, specialising in washing shirts at ten pfennigs, or one penny, apiece.Sixteen Months in Four German Prisons
Henry Charles Mahoney
Word Origin for launder
1660s, "to wash linen," from noun launder "one who washes" (especially linen), mid-15c., a contraction of lavender, from Old French lavandier "washer, launderer," from Medieval Latin lavandaria "a washer," ultimately from Latin lavare "to wash" (see lave). Criminal banking sense first recorded 1961, from notion of making dirty money seem clean; brought to widespread use during U.S. Watergate scandal, 1973. Related: Laundered; laundering.