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Word: prewashed (lookup in dictionary) (lookup stats)
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Usage:

...million ($2.75 million) reward was offered. There is no honor among thieves. Next, the crooks needed to separate the money from the crime. In the old days, if you sold cocaine in Spain, you wound up with pesetas, which pointed to where the crime was committed. So you prewashed your loot into, say, German marks, and from there moved into dollars. You spun that money in and out of secret bank accounts (to obliterate the paper trail) and across borders, and eventually brought the money out the other end disguised as legitimate income. Done properly, it's next to impossible...

Author: /time Magazine | Title: The Criminal's Currency of Choice | 7/23/2006 | See Source »

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