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FinCEN’s Caesars Palace Investigation One of Four Probes into Vegas Casinos: Sources
By Brian Monroe
printFederal officials are investigating four of Nevada's most well-known casinos for potential violations of the Bank Secrecy Act, according to sources familiar with the matter and a regulatory disclosure published Monday. Caesars Entertainment Corp., the parent company of Las Vegas-based Caesars Palace, said in a Securities and Exchange Commission (SEC) filing Monday that the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) could issue a civil monetary penalty against it for alleged anti-money laundering (AML) violations. Caesars Entertainment faces a related federal grand jury investigation, according to the disclosure, which said that business would fully cooperate with the inquiries. The...
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