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Examiners Pushed for AML Fines at Two Vegas Casinos: Sources
By Brian Monroe
printFederal examiners have found anti-money laundering compliance problems related to customer due diligence and regulatory reporting at two large casinos in Las Vegas, according to individuals familiar with the matter. At least twice in the past two years, IRS examiners have recommended that the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) hand down formal enforcement actions and fines against the Nevada gambling operations, three individuals said. Under U.S. anti-money laundering (AML) laws, the IRS does not have the authority to levy its own penalties. In mid-2011, IRS examiners disclosed their concerns to FinCEN about the largest of the pair,...
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