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Resorts World CFO says ‘compliance over commerce’ as board hears progress report and governance changes
Summary
Carlos Castro gave a lengthy briefing on Resorts World’s restructuring and compliance overhaul, saying the company has reorganized AML and compliance functions, elevated Jennifer Roberts’ autonomy, and turned over senior leadership to prioritize a culture of compliance.
Carlos Castro, chief financial officer of Resorts World, told the Nevada Gaming Control Board the company has focused its first year of work on rebuilding a culture of compliance and strengthening AML controls.
“Compliance over commerce,” Castro told the board, summarizing the property’s approach to the remedial task the board set following earlier regulatory concerns. He described structural changes — including giving compliance autonomy, reorganizing marketing and surveillance to break down…
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