Money launderers

According to ACAMS International Glossary of Key Money Laundering Terms and Acronyms, the term 'Money launders' describes those who participate in money laundering activi­ties and attempt to hide illegally obtained funds from the authorities.

Money launderers can either be the criminals that generate the underlying illicit proceeds and seek to launder those proceeds or pro­fessionals that either purchase illicit proceeds at a discount from the criminals or launder their proceeds for a fee.