Caesars Entertainment under investigation for alleged anti-money laundering compliance failures

Tweet Anti-money laundering investigation Caesars Entertainment Corp. said today that FinCEN is investigating it for potential violations of the Bank Secrecy Act over anti-money laundering compliance issues. The statement was made in its filings with the Securities Exchange Commission. According to the statement, FinCEN is considering whether to assess a civil penalty or take enforcement […]

Las Vegas Sands agrees to pay $47 million to avoid money laundering prosecution

Tweet The U.S. Department of Justice (“DOJ“) announced that it has resolved its money laundering investigation into the Las Vegas Sands Corp. (“Sands”) pursuant to which Sands will pay US$47 million to avoid criminal prosecution in connection with funds gambled by high rollers at its Venetian casino in Las Vegas. The DOJ was investigating Sands for failure […]