|An investigation has been launched by the Nevada Gaming Board into the financial practices of Mirage after the giant casino “failed to file required anti-money laundering reports with federal officials.” The allegation refers to thousands of currency transaction reports over several months. Mirage could face millions of dollars in fines.|
Nevada Gaming Control Board Chairman Dennis Neilander said: “We are investigating it. I won't know how serious it is until we finish the investigation.”
The three Mirage executives who had been responsible for submitting the reports have left the company, according to The Las Vegas Review-Journal. They are Bob Kocienski, the hotel’s vice president and chief financial officer; Scott Torman, the hotel’s finance director; and Chris Morishita, Mirage’s regulation 6A manager.
Casinos are required by federal law to report individual transactions of $2,500 or more and must submit currency reports, as well, on all transactions of $10,000 or more when made with individuals within 24 hours. All reports must be submitted to the Financial Crime Network of the U.S. Treasury Department, which is charged with stemming the tide of money laundering in the United States.