Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Nevada commission approves $7.8 million settlement and strict AML conditions with Caesars Entertainment
Summary
The Nevada Gaming Commission approved a $7.8 million fine and a suite of remedial conditions for Caesars Entertainment after a board investigation found systemic anti‑money‑laundering and know‑your‑customer failures tied to patron Matthew Boyer. The settlement requires enhanced AML controls, mandatory training, a designated AML officer, participation in information sharing, and independent review.
The Nevada Gaming Commission on Nov. 20 approved a stipulation resolving a five‑count complaint against Caesars Entertainment over failures to properly verify a patron's source of funds and to follow AML (anti‑money‑laundering) and BSA (Bank Secrecy Act) procedures.
Under the settlement the commission approved, Caesars will pay a $7,800,000 fine and accept 10 specified remedial conditions including annual AML program reviews, mandatory in‑person training for senior managers and customer‑facing staff, participation in FinCEN information‑sharing, designation and licensing of a person with primary AML responsibility, and an independent AML compliance review within two years.
The Gaming Control…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
