NATIVE AMERICAN CASINOS SWAP POLITICAL INDEPENDENCE FOR FEDERAL MONEY LAUNDERING CONTROLS
July 1st, 2007
BY LUCY JONES, in Dallas LAST year's lawsuit against a tribe and a casino manager for violation of the United States' Bank Secrecy Act (BSA) - the first case of its kind - has been hailed by the country's Financial Crimes Enforcement Network (FinCEN) as a demonstration of why stringent anti-money laundering programmes are needed at gambling establishments on Native American (Indian) reservations. The Tonkawa Bingo and Casino in Oklahoma - and Edward E Street who oversaw day-to-day running of the casino - were found guilty of flouting the BSA on numerous counts. ...
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