LAS VEGAS (AP) — Casino industry players gathered in Las Vegas to consider ways to keep the businesses from being used to launder money.
Vegas Inc. reports about 400 people attended the Bank Secrecy Act conference last week.
They talked about ways the government and private sector could further collaborate on preventive efforts.
Also discussed were challenges casinos are facing as they confront increased regulatory pressure.
The conference focused as well on the ways anti-money laundering applies to everyone in the industry, from big casinos to smaller players.
Caesar’s Palace and the Nugget casino were hit with heavy government fines for weak efforts against money laundering.
Las Vegas Sands Corp. committed to paying millions years ago to end a money-laundering investigation. A fine was recently announced partially related to that payment.
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Information from: Las Vegas Sun
