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What Year Did Trump Pay Fine For Casino Money Laundering Video
What Year Did Trump Pay Fine For Casino Money Laundering 2020
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What Year Did Trump Pay Fine For Casino Money Laundering Today

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today imposed a $10 million civil money penalty against Trump Taj Mahal Casino Resort (Trump Taj Mahal), for willful and repeated violations of the Bank Secrecy Act (BSA). In addition to the civil money penalty, the casino is required to conduct periodic external audits to examine its anti-money laundering (AML) BSA compliance program and provide those audit reports to FinCEN and the casino’s Board of Directors.

'This is all about failed casinos,' the New York City advertising executive said on 'Morning Joe.' 'Trump is owned by Putin because he’s been laundering money, Russian money, for the last 20. Additionally, in 1998, FinCEN assessed a $477,700 civil money penalty against Trump Taj Mahal for currency transaction reporting violations. 'Trump Taj Mahal received many warnings about its deficiencies,' said FinCEN Director Jennifer Shasky Calvery.

But Trump's billionaire friend Carl Icahn reportedly invested $20 million in the casino and in 2016 took complete ownership of Trump Taj Mahal. However, later that year, the Trump Taj Mahal shut down. In 1993, the Associated Press reported that two of Trump’s Atlantic City casinos were fined by Treasury Department regulators for “willfully failing to report” transactions involving more than. Because nothing in the world could provide an easier front for money laundering than a casino. Especially a Trump casino. At Trump’s Taj Mahal there wasn’t even a written plan for anti-money laundering enforcement when the feds landed in 2010 after seven long years of warnings. Here’s a copy of the final order.

Trump Taj Mahal, a casino in Atlantic City, New Jersey, admitted to several willful BSA violations, including violations of AML program requirements, reporting obligations, and recordkeeping requirements. Trump Taj Mahal has a long history of prior, repeated BSA violations cited by examiners dating back to 2003. Additionally, in 1998, FinCEN assessed a $477,700 civil money penalty against Trump Taj Mahal for currency transaction reporting violations.

'Trump Taj Mahal received many warnings about its deficiencies,' said FinCEN Director Jennifer Shasky Calvery. 'Like all casinos in this country, Trump Taj Mahal has a duty to help protect our financial system from being exploited by criminals, terrorists, and other bad actors. Far from meeting these expectations, poor compliance practices, over many years, left the casino and our financial system unacceptably exposed.'

Trump Taj Mahal admitted that it failed to implement and maintain an effective AML program; failed to report suspicious transactions; failed to properly file required currency transaction reports; and failed to keep appropriate records as required by the BSA. Notably, Trump Taj Mahal had ample notice of these deficiencies as many of the violations from 2012 and 2010 were discovered in previous examinations.

Director Shasky Calvery expressed her appreciation to the Internal Revenue Service, Small Business/Self-Employed Division, which performed the examinations of Trump Taj Mahal, for their contributions to the investigation and for their strong partnership with FinCEN. She also thanked the Commercial Litigation Branch of the U.S. Department of Justice for their assistance with this enforcement action.

What Year Did Trump Pay Fine For Casino Money Laundering Video

Trump Taj Mahal petitioned for bankruptcy in September 2014. That bankruptcy remains pending. The Bankruptcy Court approved of Trump Taj Mahal’s settlement on March 4, 2015.

FinCEN seeks to protect the U.S. financial system from being exploited by illicit actors. Its efforts are focused on compromised financial institutions; third-party money launderers; transnational organized crime; terrorist and other security threats; significant fraud; and threats to cyber security. FinCEN has a broad array of enforcement authorities to target both domestic and foreign actors affecting the U.S. financial system.

FinCEN's mission is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.

Contrary to the New York Times' Trump tax story, Trump's not a 'failed businessman.' That implies he was trying to succeed, but Trump figured out a long time ago he could make more money by failing, and moving money around for other people. He's a crook.

This is not news. He was fined $10 million for 'significant and long-standing' anti-money laundering violations at the Trump Taj Mahal casino.

Then there's the dirty Russian money in Trump Tower.

His business partners are crooks, too.

What Year Did Trump Pay Fine For Casino Money Laundering 2020

Suspicious activity was noted by Deutsche Bank in Trump and Kushner accounts. Deutsche Bank, which had its own money laundering problems!

And these are just the scandals we know about, because Bob Mueller NEVER LOOKED AT HIS FINANCES.

Powerful, corrupt rulers the world over are always trying to look legitimate, so they invariably turn to middlemen like fraudster Felix Sater https://t.co/IBQNxtO5p6

— The Daily Beast (@thedailybeast) September 27, 2020

In @davidenrich ‘s jaw dropping book Dark Towers, he explains how the disarray of Deutsche Bank allowed Trump to take out multiple loans from different parts of the same bank, which was already laundering lots and lots of money from Russia

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— Vanessa I. Paulsen (@supervipgala) September 27, 2020

Qatar Is Paying the Trump Organization for What Appears to Be a Fake Office. Huh!
.@SpeakerPelosi, yet another example of of funneling cash to Trump through money laundering.
https://t.co/SNVw5Xa9yv

— 🖕🏻Aunt Crabby calls Bullshit 🖕🏻 (@DearAuntCrabby) September 27, 2020

What Year Did Trump Pay Fine For Casino Money Laundering Today

And so on, ad infinitum. We need a special prosecutor to untangle this mess.