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Normandie Casino Pleads Guilty to Violating Federal Anti-Money Laundering Law

Normandie Casino Pleads Guilty to Violating Federal Anti-Money Laundering Law

Normandie Casino in Gardena, Ca decided on Friday to plead guilty to violating the federal Bank Secrecy Act and failing to report big transactions of money that happened in 2013 to federal authorities.

The gambling venue will have to pay $1 million in federal fines and to forfeit the amount of $1.4 million, which it received in 2013 after it had failed to submit Currency Transaction Reports as required by federal laws under its plea agreement with prosecutors.

Normandie Casino officials additionally admitted that the anti-money laundering measures at the location have now been quite poor. Under federal rules, gambling halls have to record essential personal information about clients that money out winnings greater than $10,000.

It appears that casino workers have actually helped players that are wealthy breaking up bigger earnings into small amounts or by writing ‘independent gaming promoters’ on reports to the U.S. Treasury as opposed to the said players’ actual names.

Normandie Casino was also accused of failing continually to monitor properly big cash deals that has been considered attempts for the money laundering. As an example, the venue did not record the information that is necessary a gambling customer who obtained significantly more than $1 million in winnings inside the period of six days.

Commenting in the instance, Mark Werksman, lawyer for the casino, said that it has cooperated with detectives to allow that it is fixed quickly plus in a confident way and also for the casino to help you to help keep on running its company. Continue Reading →

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Oneida Nation Files Another Lawsuit Against Lago Resort & Casino

Oneida Nation Files Another Lawsuit Against Lago Resort & Casino las vegas casino games free online

The Oneida Indian Nation filed on yet another lawsuit in a bid to prevent the $425-million Lago Resort & Casino from opening doors in Seneca County tuesday. If launched, the hotel and casino complex will be a competition that is direct Turning rock Resort Casino, handled by the Oneidas.

The latest tribe that is york-based lawsuit is against Lago it self, its developer Thomas Wilmot, therefore the ny State Gaming Commission, which granted the casino resort the mandatory permit in December 2015.

The Oneidas contended that the construction of Lago would hurt the existing casinos in Upstate ny. Casino Free Tyre, an area number of opponents regarding the resort, joined up with the tribe in its effort to block the multi-million-dollar task and also to nullify the state gambling regulator’s decision to grant it the casino license that is above-mentioned.

The 60-page lawsuit was filed in a Manhattan court and reported that the State Gaming Facility Location Board made the incorrect choice by suggesting the Lago plan as neither the selection process, nor the results were appropriate.

Independent of the Oneidas, the Finger that is existing Lakes & Racetrack in Farmington, New York in addition has previously filed a lawsuit against Mr. Wilmot’s task. But, it was dismissed by court.

Commenting on the new hurdle that is legal Lago Resort & Casino, spokesman Steve Greenberg said that the lawsuit will probably be unsuccessful, just like the ones filed prior to. Continue Reading →