Geldwäscherei

money laundering

noun GELT-veh-she-rye Rare

Usage Note

Geldwäscherei is the Swiss/Austrian variant; standard German uses Geldwäsche (§261 StGB). B2 learners encounter the term in financial news; it involves disguising the origins of illegally obtained funds.

Examples

"Die Bank wurde verdächtigt, Geldwäscherei zu begünstigen."

Natural Translation

The bank was suspected of facilitating money laundering.

Literal Translation

The bank was suspected money-laundering to facilitate.

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