RegAlert2024-10-22 | 2024-03Added · Updated
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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UNITED STATES OF AMERICA
FINANCIAL CRIMES ENFORCEMENT NETWORK
DEPARTMENT OF THE TREASURY
IN THE MATTER OF: )
) Number 2024-03
Sahara Dunes Casino, LP ) d/b/a Lake Elsinore Hotel and Casino ) Lake Elsinore, California )
CONSENT ORDER IMPOSING CIVIL MONEY PENALTY
The Financial Crimes Enforcement Network (FinCEN) has conducted a civil enforcement investigation and determined that grounds exist to impose a Civil Money Penalty against Sahara Dunes Casino, LP doing business as Lake Elsinore Hotel and Casino (Lake Elsinore) for violations of the Bank Secrecy Act (BSA) and its implementing regulations. Lake Elsinore admits to the Statement of Facts and Violations set forth below, consents to the issuance of this Consent Order, agrees to pay the civil monetary penalty imposed in this Consent Order, and agrees to comply with the provisions of this Consent Order, including, but not limited to, the Undertaking.
I. JURISDICTION
Overall authority for enforcement and compliance with the BSA lies with the Director of FinCEN, and the Director may impose civil penalties for violations of the BSA and its implementing regulations.2
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Lineage: In force
Source: Financial Crimes Enforcement Network — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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FINCEN published 7 documents in the last 30 days. We email you each new one the day it's published.