Nevada's Gaming Control Board is developing new procedures for tracking anti-money laundering reports, following disclosures earlier this year about reporting problems involving two casino corporations.
MGM Mirage admitted in February its Mirage resort had failed to file almost 15,000 reports between 2001 and 2003 and in June paid a five million-dollar civil fine imposed by the Nevada Gaming Commission.
Control Board Chairman Dennis Neilander says a second civil case involving Station Casinos' failure to file hundreds of anti-money laundering reports is proceeding.
Critics have argued that reporting procedures in place since 1997 leave regulators vulnerable to not noticing if a casino fails to file the reports.
The reports are used to track large cash transactions by individuals in casinos
http://www.krnv.com/Global/story.asp?S=1403835&nav=8faOHUGS
MGM Mirage admitted in February its Mirage resort had failed to file almost 15,000 reports between 2001 and 2003 and in June paid a five million-dollar civil fine imposed by the Nevada Gaming Commission.
Control Board Chairman Dennis Neilander says a second civil case involving Station Casinos' failure to file hundreds of anti-money laundering reports is proceeding.
Critics have argued that reporting procedures in place since 1997 leave regulators vulnerable to not noticing if a casino fails to file the reports.
The reports are used to track large cash transactions by individuals in casinos
http://www.krnv.com/Global/story.asp?S=1403835&nav=8faOHUGS
