launder
verb [ T ]
LAW, FINANCE uk/ˈlɔːndər/ usto move money which has been earned illegally through banks and other businesses to make it seem to have been earned legally:
launder funds/money/proceeds Officials were accused of laundering the stolen funds overseas before returning them to the US.
laundering
noun [ U ]
The measure would have banned cash transfers to prevent the laundering of money.
launderer
noun [ C ]
The sophistication of today's money launderers is such that only a small percentage ever get caught.