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Midweek Roundup: Caesars Money Laundering Payout Expected, Justice May Cancel UBS AG’s Non-Prosecution Agreement, and More
printRepresentatives of casino operator Caesars Entertainment Corp. met with federal regulators last month and offered to pay between $12 million and $20 million to settle a money-laundering probe launched by the Financial Crimes Enforcement Network (FinCEN), according to a regulatory filing. The company, which owns Caesars Palace in Las Vegas, first disclosed the FinCEN investigation in October 2013. More and More The U.S. Justice Department may jettison its December 2012 agreement not to prosecute UBS AG for participating in a scheme with five other banks to rig the London interbank offered rate (Libor), Bloomberg reported Tuesday. In a speech delivered...
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