Snow washing refers to hiding illegitimate financial transactions often for purposes of tax evasion in Canada. The term is an amalgam of the words snow referring to Canada having cold snowy winters and washing referring to money laundering.
Snow washing refers to hiding illegitimate financial transactions often for purposes of tax evasion in Canada. The term is an amalgam of the words snow referring to Canada having cold snowy winters and washing referring to money laundering.
Source: Wikipedia "Snow washing" · CC BY-SA 4.0
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