Activity where proceeds of criminal activity are hidden and merged with legitimate funds. TradeSports complies with anti-money laundering legislation and monitors for such activity. In some cases, the exchange requires formal proof of identity and address from customers before executing payments.

Money laundering is the process in which profits from criminal activities are 'cleaned' by being processed through legitimate businesses. This process is often investigated by law enforcement agencies because it allows organised crime to hide the proceeds from its activities.

The channeling of money obtained either fraudulently or from illegal activities such as drug dealing or alternatively from legitimate activities but not declared fro income tax purposes, through a stock broker, solicitor, casino or other respectable organization in order to disguise its true source and to enable its use without arousing suspicion.

the process of converting illegally earned assets, originating as cash, to one or more alternative forms to conceal such incriminating factors as illegal origin and true ownership.

The conversion of illegally earned or otherwise tainted cash to an alternative form that conceals its origin, or ownership, often accomplished through steps taken to hide direct links to illegal activity and to allow the use of proceeds of illegal activity.

Activity designed to conceal the origins of money.

Money Laundering may be described as the process through the financial system of the monies received from crime in order to disguise their illegal origin. Criminals mix 'dirty' money with 'clean' money, ultimately providing a legitimate cover for the source of their income. (See Prevention of Money Laundering).

concealing the source of illegally gotten money

the placing of money, gained by illegal means, such as from selling illicit drugs, into general circulation so that its origin cannot be traced. In Internet commerce, there is concern that it might be possible to launder money from criminal activities by shifting it electronically between different accounts and countries. (p. 211)

A process used by individuals to conceal illegally acquired funds by converting them into seemingly legitimate income. The term is generally associated with organized crime and those dealing narcotics dealers who need to legitimize illegally earned funds.

The conversion or transfer of money, assets and property derived from criminal activities to apparently legitimate status by disguising their origin through a variety of financial manoeuvres. Measures were taken in 2000 to tighten national laws and lift banking secrecy. (See External dimension, Judicial-criminal: Economic and financial offences) EU measures against money laundering include a Convention to Protect European Communities Financial Interests and the creation of a European Anti-Fraud Office. (See Organised crime: Money laundering, Police) Reports: The Commission monitors the implementation of different EU instruments by means of reports on the measures taken by Member States to comply with them. Making it difficult for organised crime to benefit from illegal gains is central to EU efforts to reduce illegal drug supply. (See Drugs)

The process and technology of disguising, investing, and/or hiding the proceeds of criminal activities coupled with their "legitimization".

The process of concealing the criminal origins or uses of cash so that it appears the funds involved are from legitimate sources. A crime in most major nations.

Making a campaign contribution to an elected official (or to a campaign committee, PAC, or political party) through one or more third parties -- as a device for disguising the source of a contribution and getting around contribution limits. For example, during 1989-1991, the Evergreen America Corp. funneled illegal campaign contributions totaling $172,000 to local and state officials in California in the form of $500 checks from dozens of Evergreen employees, friends, and relatives whom the corporation had secretly reimbursed.

The process by which the sources of illegally obtained money is disguised. The process is comprised of three phases; placing, layering and integration. The Criminal Justice Act 1993 identifies three offences which carry individual liability; assisting, tipping off and failure to report a suspicion.

Conduct or acts designed in whole or in part to conceal or disguise the nature, location, source, ownership or control of money (can be currency or equivalents, e.g., checks, electronic transfers, etc.) to avoid a transaction reporting requirement under state or federal law or to disguise the fact that the money was acquired by illegal means.

The practice of engaging in financial transactions in order to conceal the identity, source and destination of the money in question. Money laundering is often referred to as occurring in three stages: placement, layering, and integration. Placement refers to the initial point of entry for funds derived from criminal activities. Layering refers to the creation of complex networks of transactional activities that attempt to obscure the link between the initial entry point and the end of the laundering cycle. Integration refers to the return of funds to the legitimate economy for later extraction.

The process of creating the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source.

The movement of illegally obtained money through a legitimate system or business to make that money appear legitimate.

Popular term used to describe the process whereby criminals conceal illicitly acquired funds by converting them into seemingly legitimate income. While the term refers to the proceeds of organized crime generally, it is now most often associated with financial activities of drug dealers who seek to launder the large amounts of cash generated from the sale of narcotics.

The term given to the process in which money from illegal activities is transferred into legal investment or converted into other assets. See also Laundered Money.

Money laundering, the metaphorical "cleaning of money" with regard to appearances in law, is the practice of engaging in specific financial transactions in order to conceal the identity, source and/or destination of money and is a main operation of underground economy.