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Trump Taj Mahal Casino to Pay $10 Million for AML Troubles
By Colby Adams and Kira Zalan
printA bankruptcy court cleared the way Wednesday for a $10 million fine against Trump Taj Mahal Casino Resort for poor compliance with recordkeeping and reporting rules, the U.S. Treasury Department said. In a monetary penalty, the Financial Crimes Enforcement Network (FinCEN) accused the Atlantic City casino of failing to file approximately 100 suspicious activity reports (SARs) during months-long IRS examinations in 2010 and 2012. The casino's compliance team missed suspicious chip and ticket redemptions as well as possible structuring, FinCEN said. Moreover, Trump Taj Mahal had no effective means to monitor for suspicious gaming activity, whether at slot machines or...
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