11/25/2023 0 Comments Red hawk casino closing![]() ![]() ![]() The Bureau determined that Artichoke Joe’s Casino was in violation of the law when it failed to accurately report, reveal, or disclose in a timely manner that FinCEN or any other federal agency was examining the casino with respect to the Bank Secrecy Act and that the casino and FinCEN were in negotiations that could result in the casino’s admission of Bank Secrecy Act violations. Under California’s Gambling Control Act of 1998, casinos are required to make timely, full, and true disclosure to gambling regulators. ![]() After the cardroom failed to timely or accurately report an investigation by the federal Financial Crimes Enforcement Network (FinCEN), DOJ’s Bureau of Gambling Control (Bureau) initiated a license disciplinary proceeding against the casino and its owners. Today’s settlement includes the largest agreed-upon penalty in the history of California gambling regulation. The casino is a 51-table cardroom with the eighth largest gross gambling revenue in the state. SACRAMENTO – The California Department of Justice (DOJ) today announced a settlement in which Artichoke Joe’s Casino in San Bruno agreed to pay a penalty of $5.3 million for misleading gambling regulators and violating the Bank Secrecy Act, a federal law intended to combat money laundering. Settlement is the largest agreed-upon penalty in the history of California gambling regulation ![]()
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