laundering
UK: ˈlɔːndərɪŋ | US: ˈlɔːndərɪŋ
n. the process of washing, drying, and ironing clothes or other textiles
vt. the act of concealing the origins of illegally obtained money by passing it through legitimate businesses or transactions
The word "laundering" originates from the Middle English "lavendre," derived from Old French "lavandiere" (washerwoman), which traces back to Latin "lavare" (to wash). The financial sense emerged metaphorically in the 20th century, likening the "cleaning" of illicit money to the literal washing of clothes. The suffix "-ing" denotes the action or process, preserving the original spelling while adapting to modern usage.
She spent the morning laundering her delicate silk blouses.
The criminal organization was accused of laundering millions through shell companies.
Modern washing machines have simplified the laundering process.
Authorities tightened laws to prevent money laundering in the banking sector.
He forgot to separate colors while laundering his new jeans.