launderer

A launderer is an individual or entity that engages in the process of money laundering. This involves disguising the illegal origins of money obtained through illicit activities, such as drug trafficking, fraud, or corruption, by making it appear as though it originated from legitimate sources. The goal is to integrate the "dirty" money into the financial system without attracting the attention of law enforcement.

Money laundering typically occurs in three stages: placement, layering, and integration. Placement involves introducing the illicit cash into the financial system, often through small, seemingly unrelated deposits. Layering involves a series of complex financial transactions designed to obscure the audit trail and separate the money from its illegal source. This can include transferring funds between different accounts, buying and selling assets, or engaging in international transactions. Finally, integration is the stage where the laundered money is returned to the criminal, appearing to be legitimate income or assets.

While the term "launderer" is most commonly associated with criminal activity, it can also be used in a non-criminal context. For instance, a business that processes laundry services for a fee could be described as a launderer of clothes. However, in most discussions, particularly in legal and financial contexts, "launderer" refers to someone involved in the illegal act of money laundering. Governments and international organizations work to combat money laundering through various regulations, task forces, and international cooperation.