kriminaalkorras karistatava teo otsese tulemusena saadud vara muundamine, üleandmine või varaga õigustoimingute sooritamine, mille eesmärgiks või tagajärjeks on selle vara tegeliku omaniku ning ebaseadusliku päritolu varjamine
the covert action of passing money through channels secretively or via a chain of financial transactions, often using offshore facilities, to evade detection
the process by which the illegal source of proceeds is concealed by means of financial transactions or any other means to make it appear legitimate
The Convention needs to be further supplemented by a second protocol directed in particular at the liability of legal persons, confiscation, money laundering and the cooperation between the Member States and the Commission for the purpose of protecting the European Communities' financial interests and protecting personal data related thereto.
