Money laundering

[Luis Fok]

(n.) The process of hiding the source of illegal income by processing it through a large-turnover entity, who takes a premium from it, and then receiving the income from that entity to avoid suspicion.
This definition has evolved to include any form of hiding income (or sources of income) in the interests of avoiding tax, although the problem posed by non-specific cover-all statements means that it is open to loopholes because of the vast grey areas.
[Money laundering] has been practised for over 6000 years, but the term itself comes from the [prohibition] era of [american history].

[Julian]

when a group of criminal makes money out of [illegal arms] sales, smuggling, organized crime, drug trafficking, prostitution rings, [embezzlement], [insider trading], bribery and computer fraud schemes hide how they make their money by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.
when you wash your pants and there is still money inside them

[Kai]

the crime of moving money that has been obtained illegally through banks and other businesses to make it seem as if the money has been obtained legally