What Is Money-Laundering?

PT       2000-08-01 
That's a no-brainer, you say: it's when a Colombian walks into a bank into P*n*m* with $500,000, opens an account, and the next day uses it to buy bearer bonds through a Swiss brokerage. Then two days later his brother deposits the bonds in Brussels, sells them and buys a cottage in the Ardennes for cash. That money is laundered.