Regulatory Alerts2024-10-22 | 2024-03Added
Consent Order Imposing Civil Money Penalty on Sahara Dunes Casino, LP d/b/a Lake Elsinore Hotel and Casino
FinCEN imposes a civil money penalty on Sahara Dunes Casino, LP d/b/a Lake Elsinore Hotel and Casino for willful violations of the Bank Secrecy Act between September 2014 and February 2019. The entity failed to implement an effective anti-money laundering program, willfully failed to file required Currency Transaction Reports for transactions over $10,000, failed to file Suspicious Activity Reports, and violated recordkeeping obligations. Lake Elsinore consents to the order and agrees to pay the imposed penalty and comply with its provisions.
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