Caesars Fined $7.8M for Money Laundering Rules

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Caesars Palace fined $7.8M for failing to follow anti-money laundering rules, involving illegal bookmaker Mathew Bowyer, who had ties to Shohei Ohtanis former interpreter. This is the third casino to face fines due to Bowyers activities. Caesars Entertainment CEO admitted system failures and pledged to improve compliance with anti-money laundering laws.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.