DOJ orders Wynn Las Vegas to forfeit $130M over BSA/AML violations
By 
Adrianne Appel2024-09-10T14:29:00
Wynn Las Vegas agreed to forfeit $130 million to settle a range of criminal allegations, including allegedly helping foreign customers hide money transfers and shielding patrons from Bank Secrecy Act and anti-money laundering (BSA/AML) rules, the Department of Justice (DOJ) said.
The forfeiture was the largest paid by a casino in a criminal case, the U.S. Attorney’s Office for the Southern District of California announced in a press release Friday.
Wynn allegedly hired an unlicensed third-party money transfer advisers so that its foreign gambling customers could transfer money to and from Latin America and elsewhere without encountering normal banking regulations.
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