It's more like freshly laundered linen handkerchiefs... like a brandnew automobile.

And together they money laundered their dirty business through the same channel.

Criminal activities remain undetected and laundered funds are used to finance new criminal activities.

Predicate crimes are crimes whose proceeds are laundered (see International Monetary Fund, Financial System Abuse ).

The illicit monies are often laundered, creating the impression that they are the proceeds of legitimate business activities.

It is also carrying out money laundering in the form of drug for money exchanges, laundered by buying real estate.

A large amount of laundered money that has escaped the national financial authorities' supervision and regulation impedes the formulation of precise national monetary policies and taxation systems.

Three tonnes of marijuana and 400 kilograms of cocaine had been confiscated in a recent operation that had identified 15 fincas and one milk processing plant which had been acquired with laundered drug money.

IMF has estimated that the total amount of money laundered on an annual basis is equivalent to 3 5 per cent of the world's gross domestic product (GDP), an amount of between 600 billion and 1.8 trillion.

Receiving, which was defined as the knowing possession or enjoyment of proceeds of crime or of money laundered from drug trafficking by an individual, was also a crime under articles 508 510 and article 446 of the Penal Code.

Expressing concern that a significant portion of the money laundered annually, which ranges from 600 billion to 1.8 trillion United States dollars, involves funds derived from corruption, and in this regard reiterating its commitment to the fight against corruption at all levels,

Expressing concern that a significant portion of the money laundered annually, which ranges from 600 billion to 1.8 trillion United States dollars, involves funds derived from corruption, and in this regard reiterating its commitment to the fight against corruption at all levels,

Aware that the proceeds of illicit drug trafficking and other illicit activities, which are laundered through banks and other financial institutions, constitute an obstacle to the implementation of policies designed to liberalize financial markets in order to attract legitimate investment, in that they distort those markets,

The acts listed under subparagraph (a) above are defined as offences under the terms of the aforementioned Act No. 04 016 of 19 July 2004. They may incur penalties ranging from 5 to 20 years' imprisonment, together with fines equivalent to between 6 and 12 times the amount of the laundered sum.

With fanfare and idealism reflected in the slogan Rights Brought Home the Human Rights Act came into effect in 2000. But the high minded liberalism of the then elite had a practical point as well should the government have any soiled linen, it should be laundered in British courts rather than be aired before a panel of international judges.

Not only do economic and financial crimes often result in significant illicit proceeds that must be laundered into the legitimate financial system and are thus themselves an important predicate offence, but money laundering is the key link between all criminal activities that generate significant illegal profits and the requirement to launder those profits into the legitimate financial system.