BREAKING NEWS: Treasury’s FinCEN fines Tinian Dynasty $75M


The U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) has assessed a civil penalty in the amount of $75 million against the owner of Tinian Dynasty Hotel and Casino for “willful and egregious violations” of the Bank Secrecy Act.

FinCen Director Jennifer Shasky Calvery determined that Hong Kong Entertainment (Overseas) Investments Ltd., owner of Tinian Dynasty, failed to develop and implement an anti-money laundering program to ensure ongoing compliance with the Bank Secrecy Act.

Hong Kong Entertainment is facing criminal charges on the same issue. The trial will commence on Tuesday in the U.S. District Court for the NMI.

More details to follow.

Ferdie De La Torre | Reporter
Ferdie Ponce de la Torre is a senior reporter of Saipan Tribune. He has a bachelor’s degree in journalism and has covered all news beats in the CNMI. He is a recipient of the CNMI Supreme Court Justice Award. Contact him at

Related Posts

Disclaimer: Comments are moderated. They will not appear immediately or even on the same day. Comments should be related to the topic. Off-topic comments would be deleted. Profanities are not allowed. Comments that are potentially libelous, inflammatory, or slanderous would be deleted.