alt Hacker NewsMoney laundering has become a default catch all term for "monetary misuse / suboptimal allocation". At least among the general public.
I worked in AML tech for a bank earlier in my career. I put up a fight against this misuse of terminology for a while, but eventually just gave up. Just embrace that everything is money laundering to many people and life is easier.
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What is government giving money to foundations that donate to other foundations that in turn lobby the government but money laundering?
Or worse, government giving favorable regulatory decisions to companies that donate to foundations that in turn lobby the government to do things that it has no public support to do?
These are all actual money laundering, and the salaries (and resumes) of the people who are involved reflect this. This is not "I don't like how they are spending money" or "they are incompetent." They're not hiring white shoe union busting law firms because they're dumb, petty, or short-sighted.
> Money laundering has become a default catch all term for "monetary misuse / suboptimal allocation".
No it definitely has not
Words in general don't really mean much anymore, online anyway.
It reminds me of when health fads take off. Everyone "has OCD" or whatnot. I'd talk to people and they've given me a rundown of who they claim they were, but lol, they weren't that person.
Everyone can identify and use words however they want. Once it goes viral the meaning of the word changes. It's difficult to parse who people are nowadays cuz of it.
There's no sense fighting it. Someone will tell you you're wrong, you're out of touch, you just don't get it, or "your vibe isn't right".