Midweek Roundup: Caesars Reportedly Readies $20 Million Fine, AML Legal Fees Cost Banks $15 Billion Since Recession, and More

Caesars Entertainment Corp will pay $20 million as part of a deferred prosecution agreement settling alleged money-laundering violations, Reuters reported, citing an anonymous source. The deal would satisfy criminal charges by the U.S. Justice Department and civil allegations by the Financial Crimes Enforcement Network. More Lawsuits citing money-laundering issues account for approximately $15 billion of the $260 billion in litigation costs major banks have incurred since the 2008 economic crisis, Financial Times reported, citing research by Morgan Stanley. The firm researched outlays by the five largest American banks and 20 biggest in Europe. More Standard Chartered's Zimbabwe-based affiliate will soon...