[sobani]

Neither Wikipedia [0], Investopedia [1], nor the International Compliance Association (ICA) [2] seem to agree with your definition.

You seem to confuse a technique to combat money laundering with the laundering itself.

[0] https://en.wikipedia.org/wiki/Money_laundering "Money laundering is the process of transforming the profits of crime and corruption into ostensibly "legitimate" assets."

[1] https://www.investopedia.com/terms/m/moneylaundering.asp "Money laundering is the process of creating the appearance that large amounts of money obtained from criminal activity, such as drug trafficking or terrorist activity, originated from a legitimate source."

[2] https://www.int-comp.org/careers/a-career-in-aml/what-is-mon... "Money laundering is the generic term used to describe the process by which criminals disguise the original ownership and control of the proceeds of criminal conduct by making such proceeds appear to have derived from a legitimate source."