Intermediary in Illicit Transactions NYT Crossword

The Role of a Money Launderer

A money launderer is someone who facilitates the transfer of illegally obtained money, usually for criminal purposes. This is done by disguising the source of the money, often through a series of financial transactions, in order to make it appear as though the money was derived from legitimate sources. By doing this, the money launderer is able to conceal the true purpose of the money and make it difficult for law enforcement authorities to trace the funds. Money laundering is a serious crime and those convicted can face serious penalties.

What is the role of a money launderer in illicit transactions?

A money launderer facilitates the transfer of illegally obtained money for criminal purposes by disguising its source through financial transactions to make it seem like it comes from legitimate sources.