To hide illegal proceeds by commingling them with lawfully conducted business.
Related Legal Terms & Definitions
- MONEY LAUNDERING To take money that is from illegal sources and use and commingle it with a…
- COMMINGLING Mixing funds from different parties together, for example, running two different business via one personal…
- ORDINARY COURSE OF BUSINESS That which is customary and practiced within business in the usual matter. A contract term…
- HIDE In old English law. A measure of land, being as much as could be worked…
- RICO The Racketeer Influenced and Corrupt Organizations Act of 1970. The Act provides for extended criminal…
- HYD In old English law. Hide; skin. A measure of land, containing, according to some, a…
- LAUNDER The movement of illegal proceeds through various different entities to wash it and conceal its…
- ELECTRONIC COMMERCE (E-COMMERCE) Business conducted online or via the use of computers and without paper.