U.S. Regulators Seek Gaming Industry Help To Combat Money Laundering

The special agent in charge of the Las Vegas field office of the Internal Revenue Service (IRS) Criminal Division has urged the casino industry to increase their reporting of suspicious financial transactions, especially if they believe there is a potential case of third-party money laundering.

“If something doesn’t feel right, call law enforcement or write a suspicious activity report (SAR),” said Tara Sullivan, special agent in charge with the IRS Criminal Division. “Third party money launderers are the individuals that help facilitate the money flow.”

Those individuals could be accountants, investment professionals, or real-estate agents who frequently provide services that can be used to conceal the origin of money.

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