US seeks to monitor casinos for money laundering

Friday, May 4, 2007  

The Bush administration is proposing to monitor tribal casinos as part of a comprehensive effort to stop money-laundering and terrorist-financing networks.

The Departments of Treasury, Justice and Homeland Security announced the 2007 National Money Laundering Strategy yesterday. They released a report that said the Financial Crimes Enforcement Network and the IRS will develop "an aggressive outreach and supervisory campaign" at tribal casinos.

"The number of gaming establishments in the U.S. is growing, driven by Native American tribes," the report said. "Casinos on Indian reservations today bring in more money than Las Vegas and Atlantic City combined."

The report said the law enforcement community with work with the FBI and the Indian Gaming Working Group to monitor tribal casinos.

Get the Story:
Plan eyed to stop money conduits (The Washington Times 5/4)