to pass illegal profits, money from selling drugs, money which has not been taxed, etc., into the banking system


to launder money through an offshore bank

" has since emerged that the bank was being used to launder drug money and some of its executives have been given lengthy jail sentences" [Times]

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simple rate of return
stepped costs
Moody's Investment Grade (MIG)
automated bond system (ABS)
North American Securities Administrators Association (NASAA)