Regulatory Alerts2006-03-24 | 2006-01Added
Assessment of Civil Money Penalty in the Matter of the Tonkawa Tribe of Oklahoma and Edward E. Street
The Financial Crimes Enforcement Network assesses civil money penalties against the Tonkawa Tribe of Oklahoma and Edward E. Street for violations of the Bank Secrecy Act and its implementing regulations. The penalties resolve matters concerning Tonkawa Bingo and Casino's failure to implement an adequate anti-money laundering program, maintain required records, report suspicious transactions, and prevent currency structuring. The entities entered into a consent agreement dated March 23, 2006, without admitting or denying the determinations, to resolve the assessment.
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