Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Desert Palace, Inc. d/b/a Caesars Palace
Current Parent CompanyCaesars 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.