FinCEN analysis links casinos to more than $24bn in suspicious funds
The US Treasury’s Financial Crimes Enforcement Network said casinos and related financial operators filed reports covering more than $24bn in funds linked to Chinese money laundering networks between 2020 and 2024. The analysis described suspicious activity including unexplained cash used to buy chips, minimal play before cashing out, and large deposits inconsistent with reported income.
The findings concern casino operators’ exposure to money laundering risks and suspicious-transaction reporting.