Largest casino penalty ever imposed on Northern Mariana

The Financial Crimes Enforcement Network (FinCEN) today assessed a $75 million civil money penalty against Hong Kong Entertainment (Overseas) Investments, Ltd., d/b/a Tinian Dynasty Hotel & Casino, in the Northern Mariana Islands for willful and egregious violations of the Bank Secrecy Act (BSA). As described in the Assessment, Tinian Dynasty failed to develop and implement an anti-money The Financial Crimes Enforcement Network imposed a $75 million penalty on Tinian Dynasty Hotel & Casino for willful and egregious violations of the Bank Secrecy Act, the bureau’s largest penalty against a casino and one of its largest monetary sanctions ever. An undercover operation revealed that the casino, located in the US territory of the […] FinCEN Fines Tinian Dynasty Hotel & Casino $75 Million for Egregious Anti-Money Laundering Violations Casino Helped Customers Avoid BSA Reporting WASHINGTON, DC –The Financial Crimes Enforcement Network (FinCEN) today assessed a $75 million civil money penalty against Hong Kong Entertainment (Overseas) Investments, Ltd., d/b/a Tinian Dynasty Hotel & Casino, in the Northern Mariana Islands The Financial Crimes Enforcement Network (FinCEN) today assessed a $75 million civil money penalty against Hong Kong Entertainment (Overseas) Investments, Ltd., d/b/a Tinian Dynasty Hotel & Casino, in the Northern Mariana Islands for willful and egregious violations of the Bank Secrecy Act (BSA).. As described in the Assessment, Tinian Dynasty failed to develop and implement an anti-money On June 3, FinCEN assessed a $75 million civil money penalty against Hong Kong Entertainment (Overseas) Investments, Ltd., d/b/a Tinian Dynasty Hotel & Casino (Tinian), in the Northern Mariana Islands for willful and egregious violations of the Bank Secrecy Act (BSA), marking FinCEN’s largest ever penalty against a casino for BSA violations. In the assessment, FinCEN found that, from 2008 to "Tinian Dynasty didn't just fail to file a few reports," noted FinCEN Director Jennifer Shasky Calvery. “The casino operated for years without an AML program in place. It failed to file thousands of CTRs and its management willfully facilitated suspicious transactions and even provided helpful hints for skirting and avoiding the laws in the U.S. and overseas. Tinian Dynasty's actions

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