Las Vegas Sands in settlement talks with DOJ

Government says casino company violated money-laundering laws

Las Vegas Sands Corp. is reportedly in talks with federal prosecutors to settle an investigation into whether the casino company violated money-laundering laws.

The Wall Street Journal reported on Sunday that the Department of Justice (DOJ) is alleging that the Las Vegas Sands failed to report suspicious financial transactions that two of its biggest customers made. The customers were later charged with crimes for moving millions of allegedly ill-gotten dollars through the Las Vegas Sands’ accounts, according to court filings. Casinos have been required to report suspicious transactions to the government since 2003.

Ashley Post

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