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Fine Trump Paid For Laundering Money In His Casinos In New York

FILE - In this Nov. 6, 2019, file photo, President Donald Trump speaks during a campaign rally at the Monroe Civic Center in Monroe, La. A New York judge on Thursday, Nov. 7 ordered Trump to pay about $2 million to an array of charities to resolve a lawsuit alleging he misused his own charitable foundation to further his political and business interests.

- May 22, 2017 By Samantha A. -

Broke Anti-Money Laundering Rules Back in 1990

The Real Story Behind Trump's Casino Empire. Long before he was President of the United States or hosted a reality game show, Donald J. Trump was seen as the savior of Atlantic City because of his plans to reinvigorate the hotel and casino scene. Now, almost 30 years later, some of his behavior. Sep 28, 2020 This is not news. He was fined $10 million for 'significant and long-standing' anti-money laundering violations at the Trump Taj Mahal casino. Then there's the dirty Russian money in Trump Tower. His business partners are crooks, too. Suspicious activity was noted by Deutsche Bank in Trump and Kushner accounts.

It has been stated that Trump’s Taj Mahal Casino broke rules that applied to the anti-money laundering rules a total of 106 times in the very first year that it was open.It was just a bit of history that was forgotten and was buried within the federal records that are held by the investigation unit of the Treasury Department.

Fine Trump Paid For Laundering Money In His Casinos News

$477,000.00 in Fines Paid in 1998

The Taj Mahal ultimately ended up paying 477 thousand dollars in fines in the year of 1998 to the Treasury Department without actually admitting any of the liability under the Bank Secrecy Act.

CNN actually obtained a total of 417 pages of Department documents that included this 1998 settlement, as well as copies of a very similar settlement in the year of 2015. And exchanges that took place between the Taj Mahal and the federal regulators.

Fine Trump Paid For Laundering Money In His Casinos

The settlement that happened back in the year of 1998 was publicly reported at that time.At that time the Associated Press stated that it was actually the largest fine that the federal government ever placed on a casino for actually violating the Bank Secrecy Act.

Key Information Missing in Cash Reporting Violations

Yet, within these reports there were key information that was left out of the cash reporting of the casino violations such as the gamblers identities as well as any employees that may have been involved in these transactions.

The Treasury Departments financial crimes enforcement network which is also known as FinCEN was asked by the congressional committees to provide any and all information that it may have on Trump, his businesses, as well as his top officials and his campaign aides.

The White House has declined to comment on any of this and refers any questions to be directed to the Trump Organization.

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