(Bloomberg) Caesars Entertainment Corp. was cited by the Internal Revenue Service for Bank Secrecy Act violations, according to a letter from U.S. investigators notifying the company of a money-laundering probe.
The action against the company’s flagship hotel was disclosed in an Oct. 10 letter from the Treasury’s Department’s Financial Crimes Enforcement Network. It was posted yesterday on the website of the Massachusetts Gaming Commission, where the staff recommended denying Caesars a license in the state.
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