FinCEN Assesses Civil Money Penalty Against Tribal Casino

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FinCEN assessed a $250,000 civil penalty against Jackpot Junction Casino Hotel of Morton, Minnesota. The casino violated Bank Secrecy Act (BSA) requirements for casinos when it failed to implement internal controls for gathering and recording information required by the BSA as well as failed to implement adequate training for employees.

The Casino also failed to develop and implement effective procedures for the preparation, review and filing of BSA reports, resulting in multiple failures to timely and accurately file Currency Transaction Report by Casino forms (CTRCs) and Suspicious Activity Report by Casino forms (SARCs).