money laundering

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money laundering2016-12-16T04:30:04+00:00

money laundering 

money laundering image from New Medical Terms

money laundering

FORENSICS, SUBSTANCE ABUSE

Definition A financial transaction in which the property involved, usually understood to be illicit drugs, especially cocaine or heroin, represents the proceeds of some form of activity punishable as a felony. Laundering’s goal is to “sanitize” the transaction, so the money can be used in legitimate transactions

Reference VA Bd of Pharmacy, 7/97 § 18.2-248.7 

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