In United Kingdom law, the common law definition is wider.
In United States law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. It is usually a key operation of organized crime. It is a crime in many jurisdictions with varying definitions. Money laundering is the process of illegally concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. Placing 'dirty' money in a service company, where it is layered with legitimate income and then integrated into the flow of money, is a common form of money laundering. Please discuss this issue on the article's talk page.
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