Fontainebleau Money Laundering Concerns

Nevada gaming regulators have launched an investigation into possible Fontainebleau money laundering violations. The accusations come after an audit that raised red flags about the casino’s internal credit practices. The probe, which had not been previously disclosed, came to light Thursday during a routine licensing hearing before the Nevada Gaming Commission for Maurice Wooden, the resort’s president since January. Regulators said the audit uncovered irregularities that could violate the Federal Bank Secrecy Act. Specifically, investigators are examining whether the property’s ownership interfered with management’s decision to deny credit to a patron—an action that could undermine required financial compliance protocols.The Gaming…