laundered

Meanings

• verb

  The act of cleaning money that has been illegally gained, especially by disguising it as legitimate income.

  - "Money was laundered through several offshore accounts."
  - "The mob used various methods to launder their illegal earnings."

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Rhymes

Words rhyming with laundered
mounded , ounded , pounded , hounded

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Variants

List of all variants of laundered that leads to same result
launder , laundered , launderer , launderers , laundering , launders

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Etymology

origin and the way in which meanings have changed throughout history.

From the verb 'launder', meaning 'to wash (clothes)'. The figurative use of the term comes from the idea of 'cleaning' illegally gained money to make it appear legitimate.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Money laundering is estimated to be a $1.5 trillion industry worldwide.

2. The first recorded instance of money laundering was in ancient China around 1200 BC.

3. The term 'launder' comes from the Old French word 'laveoir', meaning 'washing place'.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Money laundering schemes: Methods used to disguise the proceeds of illegal activities as legitimate income, such as smurfing, structuring, and trade-based money laundering.

2. Anti-Money Laundering (AML) regulations: Laws and regulations designed to prevent money laundering and other financial crimes, including the Bank Secrecy Act and the Patriot Act.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Laundering is a significant issue in various forms of organized crime, including drug trafficking and money laundering. It has been the subject of numerous books, movies, and television shows.

How to Memorize "laundered"

1. visualize
   

   - Imagine a large pile of cash being sorted and moved through various accounts to disguise its illegal origins.

2. associate
   

   - Associate the term with dirty money and the process of making it appear clean.

3. mnemonics
   

   - Use the mnemonic 'Launder Lots of Dirty Money' to remember the meaning of the term.

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