Wynn Las Vegas reached a proposed $5.5 million stipulation for settlement with the NGCB for violating its own anti-money laundering (AML) compliance program. The casino agreed to a settlement after a disciplinary complaint was filed contemporaneously with the stipulation for settlement. The complaint detailed “unsuitable methods of operation” by Wynn Las Vegas related to facilitating improper international monetary transactions, allowing proxy betting and being tied to unregistered money transmitting businesses.
Wynn Las Vegas is set to be fined by the NGCB after reaching a non-prosecution agreement in 2024 with the U.S. Attorney’s Office for the Southern District of California.
The non-prosecution agreement concerns the same AML violations by Wynn Las Vegas that resulted in the casino forfeiting $130 million to federal authorities to ..
