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.