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Violation Tracker Individual Record

Company: Desert Palace, Inc. d/b/a Caesars Palace
Current Parent Company: Caesars Entertainment Inc.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
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 Current Parent: USA
HQ State of Current Parent: Nevada
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: entertainment
Specific Industry of Current Parent: casinos
Source of Data: (click here)
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.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.