It allowed unlicensed money transfers from around the world to reach gamblers.
FILE - The Wynn Las Vegas is framed under a Las Vegas Boulevard street sign, Tuesday, April 19, 2011, in Las Vegas. Casino company Wynn Resorts Ltd. has agreed to pay $130 million to federal authorities and admit that it let unlicensed money transfer businesses around the world funnel funds to gamblers at its flagship Las Vegas Strip property.
Wynn Resorts said it severed ties with all people and businesses involved in what the government characterized as “convoluted transactions” overseas. Another involved having a person referred to as a “Human Head” gamble at the casino at the direction of another person who was unwilling or unable to place bets because of anti-money laundering and other laws.
It did not use the name of former CEO Steve Wynn. But since 2018, the parent company has been enmeshed with legal issues surrounding his departure after sexual misconduct allegations against him were first reported by the Wall Street Journal.Wynn, now 82 and living in Florida, has said he has no remaining ties to his namesake company. He has consistently denied committing sexual misconduct.
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