Who invented money laundering?

Did you know that the phrase: "money laundering" came into use thanks to the world famous mafioso Al Capone. Since it was difficult for Al Capone to spend his ill-gotten money under the scrutiny of the police, he created a huge network of laundries with very low prices. It was difficult to track the actual number of clients, so almost any income could be written. This is where the expression “money laundering” came from. By the way, for the same reason in the USA it is customary to wash clothes not at home, but in laundries, since their number remains considerable, and prices are low.

For the first time in print, the expression "money laundering" appeared in the early 70s, during the Watergate scandal, which resulted in the resignation of US President Richard Nixon. and just a decade later, this expression became a legal term.