FinCEN announced a settlement with Caesars Palace in Las Vegas, requiring Caesars to pay $8 million for anti-money laundering lapses.
FinCEN’s release focuses on the casino’s private gaming rooms and overseas branch offices.
Along with the $8 million penalty, FinCEN is requiring a monitor (termed an “external auditor”) through at least 2018, annual reports on its AML program and training plans made available to FinCEN for three years, and a look-back of suspicious activity conducted at Caesars’ branch offices in Asia and California.