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LSDefine

Simple English definitions for legal terms

laundering

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A quick definition of laundering:

Definition: Laundering is when someone takes money that they got illegally and tries to make it look like it came from a legal source. This is called money-laundering and it is against the law. People who do this can be punished by the government. Sometimes, this kind of crime happens in different countries, so the police from different countries have to work together to stop it.

A more thorough explanation:

Laundering is the act of transferring illegally obtained money through legitimate people or accounts so that its original source cannot be traced. This is also known as money-laundering, which is a federal crime. It is also addressed by state governments, and sometimes requires international cooperation.

Example 1: A drug dealer wants to hide the money he made from selling drugs. He gives the money to a friend who owns a legitimate business, and the friend deposits the money into his business account. This is an example of money-laundering.

Example 2: A corrupt politician receives bribes from a company. Instead of keeping the money in his personal account, he transfers it to a shell company in another country. The shell company then sends the money back to the politician in a way that makes it look like it came from a legitimate source. This is also an example of money-laundering.

These examples illustrate how money-laundering works. Criminals try to hide their illegal activities by making the money look like it came from a legitimate source. This makes it harder for law enforcement to trace the money back to its original source.

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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