The role of a casino in Argentina in a recent crackdown on a criminal group linked to Hezbollah underscores the value of anti-money laundering reports filed by gaming companies with law enforcement, according to the head of the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN).
Argentina’s financial intelligence unit (FIU) has frozen the assets of Clan Barakat, an organization led by Assad Ahmad Barakat with ties to Hezbollah, for six months but the final decision will be left to a federal judge who is investigating Barakat’s business, including laundering through a casino, in the country.
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