Past tense of 'funnel,' meaning to pour through a funnel-shaped device, or to direct things (like money or people) through a narrow channel.
From the verb 'funnel' (derived from the noun) plus the -ed past tense ending; 'funnel' comes from Old French 'fonel' meaning the funnel-shaped tube.
Metaphorically, 'funneling' money or resources means directing them through a concentrated path—which is why 'money laundering' is sometimes called 'funneling'!
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