Violation Tracker Individual Record

Company: 
Desert Palace, Inc. d/b/a Caesars Palace
Current Parent Company: 
Caesars Entertainment Corp.
Penalty: 
$8,000,000
Year: 
2015
Date: 
September 8, 2015
Offense Group: 
financial offenses
Primary Offense: 
anti-money-laundering deficiencies
Violation Description: 

The Financial Crimes Enforcement Network announced a settlement with Desert Palace, Inc. d/b/a Caesars Palace whereby Caesars agreed to pay an $8 million civil money penalty for willful and repeated violations of the Bank Secrecy Act.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Treasury Department Financial Crimes Enforcement Network
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Nevada
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
entertainment
Specific Industry of Parent: 
casinos
Notes: 

Caesars Entertainment leases the casino from Vici Properties

Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.