Caesars Palace Deal Will Include First AML Fine by Nevada in a Decade: Source

By Kira Zalan

Nevada state regulators will levy a monetary penalty and set conditions on Caesars Entertainment's gaming license as part of an anti-money laundering settlement, according to an individual with knowledge of the plan. The penalty by the Nevada Gaming Control Board is expected to accompany a larger U.S. Treasury Department settlement outlining Bank Secrecy Act (BSA) violations at Caesars Palace. The gaming corporation could pay governmental agencies between $12 million and $20 million, it disclosed in a financial statement published in August. The Nevada agency's settlement with Caesars Entertainment will mark its first penalization of a licensee for violations of federal...