According to a non-prosecution agreement (NPA), the breaches took place after Bicycle Casino failed to appropriately file reports on an individual who conducted millions of dollars worth of cash transactions in 2016.
The individual, a Chinese national, typically played baccarat in VIP rooms with “huge sums of cash that on some occasions he transported to and from the casino in duffle bags”.
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/bicycle-casino-pays-500000-settlement-after-aml-investigation/
