laundering

/L AO1 N D ER0 IH0 NG/
verb
  1. 1

    To wash; to wash, and to smooth with a flatiron or mangle; to wash and iron.

  2. 2

    To lave; to wet.

  3. 3

    (money) To disguise the source of (ill-gotten wealth) by various means.

noun
  1. 1

    The act, or occupation, of one who launders; washing and ironing.

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Source: https://en.wiktionary.org/wiki/launder, https://en.wiktionary.org/wiki/laundering

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