California casino fined $8m for AML violations
Publié : 26 nov. 2017, 17:58
A casino in the US state of California has been fined $8m following an investigation which revealed repeated violations of US anti-money laundering laws.
The Financial Crimes Enforcement Network (FinCEN) found that Artichoke Joe’s Casino (AJC) in San Bruno, California had wilfully violated AML laws over an eight-year period between October 2009 and November 2017.
FinCEN found that the AJC had failed to implement and maintain an effective anti-money laundering program, additionally failing to report a number of suspicious transactions during the period.
In March 2011, AJC was the subject of a raid by state and Federal law enforcement agencies which led to the indictment and conviction of two AJC customers for loan-sharking and racketeering offences.
https://www.gamblinginsider.com/news/45 ... violations
The Financial Crimes Enforcement Network (FinCEN) found that Artichoke Joe’s Casino (AJC) in San Bruno, California had wilfully violated AML laws over an eight-year period between October 2009 and November 2017.
FinCEN found that the AJC had failed to implement and maintain an effective anti-money laundering program, additionally failing to report a number of suspicious transactions during the period.
In March 2011, AJC was the subject of a raid by state and Federal law enforcement agencies which led to the indictment and conviction of two AJC customers for loan-sharking and racketeering offences.
https://www.gamblinginsider.com/news/45 ... violations