Caesars Entertainment Corp., the Nasdaq-listed gambling giant that controls over fifty casinos across the United States, has reportedly reached a $20 million deal with the Justice Department to settle charges over anti-money laundering lapses.
According to Reuters, "a source familiar to the matter," the deal - which is supposed to become public later during the week - will settle the ongoing dispute between Caesars and the Justice Department, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), and the Nevada Gaming Control Board.
Over the past few years, Caesars has repeatedly on the FinCEN’s radar, who've accused them of implementing weak anti-money laundering controls and failing to comply with US anti-money laundering law, the Bank Secrecy Act (BSA), that stems from an investigation that began back in 2013.