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Las Vegas Sands to Pay $47 Million for AML Violations Linked to High-Roller
By Brian Monroe
printLas Vegas Sands Corp. will pay the U.S. Justice Department $47.4 million to settle allegations that it failed to identify $58 million in suspicious wire transactions and cashier's checks. Under a non-prosecution agreement (NPA) finalized Monday with the U.S. Attorney's Office for the Central District of California, the casino admitted to insufficiently monitoring transfers from Zhenli Ye Gon, a Chinese national accused by federal prosecutors of trafficking narcotics. The settlement is the first federal agreement to target a major casino for its anti-money laundering (AML) program, and likely the largest-ever monetary payout by a gambling operation for such infractions, said...
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