launder
UK: ˈlɔːndə | US: ˈlɔːndər
vt. to wash and iron clothes or fabric
vt. to process (illegally obtained money) to make it appear legitimate
The word "launder" traces back to Latin lavare (to wash), which evolved into Old French lavandiere (referring to a washerwoman). In Middle English, it became "launderen," specifically meaning to wash linen. The modern sense of "cleaning money" emerged in the 20th century, metaphorically extending the idea of "cleaning" to illicit funds.
She hired a service to launder her delicate silk dresses.
The hotel launders all bed linens daily.
Criminals often use shell companies to launder money.
This detergent is gentle enough to launder wool sweaters.
The scandal revealed how the organization laundered millions through fake charities.