![]() Gardens Casino purposefully tried to mislead both the Californiaĭepartment of Justice as well as FinCEN and failed to provide all “The Gardens, a card club, admitted that it violated the Bank Secrecy Act’s (BSA) program and reporting requirements and has agreed to future undertakings, including periodic independent reviews to examine and test its BSA Anti-Money Laundering (AML) program.” The Los Angeles cardroom will have to pay the settlement as a result of aįailure to present requested information by regulators and effectivelyĬardroom violated the Bank Secrecy Act, which is designed to helpĪpart from the $3.1 million settlement fine, the casino already had to pay $2.8 million penalty to the Financial Crimes Enforcement Network (FinCEN), a federal regulatory body scrutinizing financial crimes or attempts thereof: Million settlement fine, CA Attorney General Xavier Becerra confirmed. Regulators have hit Hawaiian Gardens Casino cardroom with a record $3.1 California Hits Hawaiian Gardens Casino with $3.1m Fine ![]() ![]() Gardens Casino has been hit with nearly $6 million in penalties issued byįederal and California regulators over gambling compliance failures since 2016.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |