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FinCEN Fines Western Pacific Casino $75 Million for Willful Rule-Breaking
By Kira Zalan
printThe U.S. Treasury Department imposed a $75 million fine Wednesday against a casino in the Northern Mariana Islands, less than a year after banning its former VIP services manager over related infractions. Tinian Dynasty Hotel & Casino willfully violated Bank Secrecy Act rules, in part by failing to designate an anti-money laundering (AML) compliance officer and implement controls to detect suspicious activity, the department's Financial Crimes Enforcement Network said. "Tinian Dynasty didn't just fail to file a few reports," said FinCEN Director Jennifer Shasky Calvery, in a statement. "The casino operated for years without an AML program in place… and...
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