Regulatory Alerts1999-08-03 | CAS-99-002Added
Agreement with Biloxi Casino Corp. Regarding Civil Money Penalty for Bank Secrecy Act Violations
Biloxi Casino Corp. consents to a $145,000 civil money penalty for willfully failing to file at least 23 Currency Transaction Report by Casinos forms for transactions exceeding $10,000 between January 1 and December 31, 1994. The entity must remit the full amount within five business days of the agreement's final execution via certified check, bank cashier’s check, or bank money order payable to the United States Department of the Treasury. This settlement resolves the controversy without Biloxi Casino Corp. admitting or denying the violations, and includes a waiver of any claims of double jeopardy or estoppel.
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