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Personal Liability Regime Threatens U.S. Gambling Sector

U.S. enforcement authorities have warned businesses linked to the country’s gambling sector that their appetite for taking action against individuals is growing larger.

“We have been focused on individual liability,” Veronica Agpaoa, an enforcement officer with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), told delegates at this week’s Global Gaming Expo (G2E) in Las Vegas.

Agpaoa also cited FinCEN’s $1m fine against Sparks Nugget Casino in northern Nevada, reported by sister publication GamblingCompliance, as a “good example of how a culture of non-compliance can impact the company.”

Last year, FinCEN accused Sparks Nugget of “egregiously” violating its anti-money laundering (AML) responsibilities under the Bank Secrecy Act (BSA), including disregarding the recommendations of the casino’s own compliance manager.

The agency also said the casino chose not to file suspicious activity reports (SARs) the manager had prepared and ordered her not to interact with Internal Revenue Service auditors.

Agpaoa described the Thomas Haider case as a wake-up call for the casino industry that made them “think about individual liability” when it came to AML

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