Normandie Casino pleads guilty to shielding high rollers from federal reporting requirements and violating the Bank Secrecy Act


Posted on the 25th of January 2016

Normandie Casino pleads guilty to shielding high rollers from federal reporting requirements and violating the Bank Secrecy Act

The operator of the Normandie Casino in Gardena, has pleaded guilty to the felony offenses of (1) failing to maintain an effective anti-money laundering program and (2) conspiring to avoid reporting to the government the large cash transactions of some of the casino’s “high-roller” gamblers.

Federal law requires a casino to report the details of financial transactions involving more than $10,000 that are made by a gambler within a 24 hour period. However, the casino would either structure some winnings to make them appear less than $10,000, or it would fail to report them.

“The United States has an array of anti-money laundering statutes designed to prevent criminals from using the American financial system to launder the large sums of cash generated by illegal activity such as organized crime, drug trafficking and human trafficking,” said United States Attorney Eileen M. Decker. “Casinos that fail to follow these rules are particularly vulnerable to criminals who seek to disguise illegal cash as gambling winnings.”

Under the plea agreement, Normandie Club has agreed to forfeit $1,383,530 which it received in 2013, while failing to file currency transactions reports. The Normandie Club will also pay $500,000 for each of the two charges of (1) failing to maintain an effective anti-money laundering program and (2) conspiring to avoid reporting to the government the large cash transactions of some of the casino’s “high-roller” gamblers. This brings the total amount of fines to $2,383,530

Normandie Casino is located at 1045 W Rosecrans Avenue, Gardena, California 90247

  • Comments Off on Normandie Casino pleads guilty to shielding high rollers from federal reporting requirements and violating the Bank Secrecy Act

Comments are closed.