launderette

noun

1. A place that has facilities for washing and drying clothes that the public may pay to use.
2. A money laundering operation.

   “The distinction is by no means watertight as any 'money launderette' may become a money launderer – and hence be guilty of a money laundering offence – the moment it knowingly engages in a money laundering operation.”

   “From drug money to terrorist finance: the launderette's many different washing cycles”

   “This is a stage at which the proceeds of illegal activity are introduced into the financial system and therefore it is the most vulnerable stage in the launderette. Perhaps this is why anti-money laundering measures are concerned about “Know Your Customer Principle.”