Regulatory Alerts2014-08-20 | 2014-05Added
Assessment of Civil Money Penalty in the Matter of George Que
FinCEN assesses a $5,000 civil money penalty against George Que for willfully participating in Tinian Dynasty Hotel & Casino's failure to file Currency Transaction Reports for cash transactions exceeding $10,000 and Suspicious Activity Reports for transactions aggregating at least $5,000. Mr. Que consents to the penalty and agrees to an undertaking requiring him to permanently cease participating in the affairs of any financial institution located in or conducting business within the United States within thirty days. This restriction does not prohibit employment in the restaurant or hotel portions of such institutions, and failure to comply may result in additional enforcement actions.
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