CA-AG v. The Bicycle Hotel & Casino

The Bicycle Hotel & Casino allegedly violated the anti-money laundering provisions of the Bank Secrecy Act (BSA). According to CA-AG, Bicycle overlooked, neglected, or was willfully blind to accusations and actions taken against other casinos for violations of the BSA and for failing to maintain adequate Anti Money Laundering (AML) programs. Bicycle admitted to filing numerous false currency transaction reports on more than $100 million in transactions related to a single gambler.

Summary generated from official California Attorney General press release