Tag: Las Vegas Sands money laundering
Las Vegas Sands Settles With U.S. Government
August 30, 2013
Card Player – Las Vegas Sands Corp., one of the largest casino developers in the world, has agreed to pay the United States government a sum of more than $47 million to end a money-laundering investigation, according to reporting from the Wall Street Journal. Sands will avoid criminal prosecution thanks to the settlement, but will not contest the Department of Justice’s claim that it made errors by failing to report “suspicious activity” by one of its high-rollers, the WSJ reported. The gambler in question is an alleged drug kingpin. According to the government, the gambler wire transferred around $45 million…