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Cash is laundered through legitimate businesses.
Typically, dirty money is laundered through the purchase of, say, a penthouse apartment, or mixed in with the earnings of a legitimate business like a restaurant.
Between £23bn and £57bn of stolen money is laundered through London each year, according to an estimate made by the City regulator in 2013.
The National Crime Agency says up to £90bn is laundered through the UK each year, while an estimated £120bn worth of UK property is owned by offshore shell companies.
In an interview, Mr. Emerson said he believed that the raids were aimed at helping the government collect information about how money that finances terrorism is laundered through Islamic charities in the United States.
Corruptly sourced cash estimated to amount to hundreds of billions of pounds is laundered through the UK each year, owing in part to its historical connections with secretive overseas authorities, where money can easily be hidden, Transparency International UK said.
Similar(45)
The cash was laundered "through a labyrinth of shell companies".
Sometimes, prosecutors said, the reimbursements were laundered through salary and bonus payments.
The money may have to be laundered through a super pac, but that is just a formality.
In recent years, hoaxes and theories that were once confined to the margins have been laundered through mainstream media outlets.
When clothes are laundered through the washing process, particles are deposited onto the fibres of the fabric.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com