laundering laundering  /ˈlɔn də rɪŋ/

Definition(s):

  • (n) washing clothes and bed linens

Usage(s):

  1. Tax havens are coming under increasing pressure to clean up money laundering.
  2. But experts say the money-laundering allegations are more likely to stick.
  3. If the anti-money-laundering forces prevail, law-enforcement experts say, steps can be taken to crack down on terrorists' use of financial institutions.

News

  1. M&T Reaches Fed Deal on Money Laundering; Hudson City Jumps

    M&T Bank Corp. (MTB) , the lender that postponed its purchase of Hudson City Bancorp amid a Federal Reserve probe into money laundering , reached a deal to improve compliance.
    on June 18, 2013     Source: Bloomberg

  2. Fed cites M&T Bank for money laundering problems

    NEW YORK (MarketWatch) -- M&T Bank Corporation's has compliance problems with combating money laundering, according to court filings on Tuesday. These problems have impacted the bank's merger with Hudson City Bancorp. Inc., the Federal Reserve Bank of New York said. The Fed concluded in a recent inspection, the firm had deficiencies in its compliance risk management program in conforming to anti ...
    on June 18, 2013     Source: Market Watch

  3. M&T Bank to fix anti-money laundering flaws, Fed says

    By Douwe Miedema and Emily Stephenson WASHINGTON (Reuters) - M&T Bank Corp will put a comprehensive plan in place to fix problems with its anti-money laundering policies that had caused regulators to put a hold on its $3.7 billion bid to buy Hudson City Bancorp. Buffalo, New York-based M&T Bank will submit a plan to the Federal Reserve to improve its monitoring and reporting of suspicious ...
    on June 18, 2013     Source: Reuters via Yahoo! News

Quotes

  1. ...prepared remarks for a 2005 speech in Budapest, also on the Web site, FBI Director Robert Mueller said that while based there, Mogilevich's enterprise "engaged in drug and weapons trafficking, prostitution, and money laundering" in...
    on Jan 25, 2008 By: Robert Mueller Source: FOXNews

  2. Edward Leigh, chairman of the committee of public accounts, said: "In most of the territories, the standards of regulation across areas such as banking, money laundering, insurance and securities are not as good as those in the crown dependencies....
    on Apr 30, 2008 By: Edward Leigh Source: guardian.co.uk

  3. "Laundering federal campaign spending through individual campaigns in order to exceed the party's spending limits is cheating, plain and simple, and there should be severe consequences for any political party found guilty of such a fraudulent...
    on May 5, 2008 By: Pat Martin Source: Toronto Star

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