Launderer Meaning: Definition, Examples, and Translations
๐งผ
launderer
[หlษหndษrษ ]
Definition
illegal activities
A launderer is a person who conceals the origins of illegally obtained money, typically by passing it through a complex sequence of banking transfers or commercial transactions. This practice helps criminals make their illegal gains appear legitimate.
Synonyms
con artist, criminal, money launderer.
Examples of usage
- The launderer was arrested for money laundering.
- Criminal organizations often hire a launderer to hide their profits.
- The police are investigating a suspected launderer involved in drug trafficking.
Translations
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Interesting Facts
Historical Significance
- In the 19th century, dedicated washhouses known as 'laundries' became popular, facilitating industrial laundry services, especially in urban areas.
- During World War II, laundries for uniforms and military wear were crucial for maintaining soldier hygiene and morale.
Cultural Perspective
- In many cultures, launderers are often viewed as an essential part of community life, providing a needed service and sometimes serving as social hubs.
- In certain traditions, gifting clean linens before major events symbolizes good fortune and respect.
Modern Industry
- Today, the laundry industry has expanded to include massive commercial operations that can handle thousands of pounds of fabric daily, using advanced machinery.
- With a rise in environmental awareness, many modern launderers focus on eco-friendly practices, reducing water and energy consumption.
Contemporary Issues
- The profession faces challenges such as automation, with machines increasingly taking over many tasks once done by hand.
- In some places, economic pressures have led to informal laundry services, which raise questions about labor rights and safety.
Origin of 'launderer'
Main points about word origin
- The word comes from the Middle English 'laundrer,' which is derived from 'laundre,' meaning 'to wash,' influenced by the Latin word 'lavare,' meaning 'to wash.'
- Originally, the term referred to those who washed linens in a 'laundry' setting, where 'laundry' itself comes from the Old French word 'lavanderie.'
The term 'launderer' originates from the word 'launder', which means to wash or clean. In the context of money laundering, it refers to the act of washing 'dirty' money, making it appear clean and legitimate. The process of money laundering became prominent in the late 20th century, particularly during the rise of organized crime and various illegal enterprises. The connection to laundering clothing dates back to the Middle Ages when laundering was seen as a way to purify and clean finances through complex layers of transactions. Today, the term is widely used in legal and financial contexts to describe various schemes used by individuals and organizations to obscure the origins of illicit funds.
Word Frequency Rank
At position #40,348, this word is among the less frequently used terms in English. While interesting to know, it's not crucial for most English learners unless needed for specific purposes.