The congressional committees had asked the Treasury Department’s financial crimes enforcement network, or FinCEN, to provide any information it has on Trump, his businesses, his top officials and campaign aides. The 1998 settlement was publicly reported at the time, and the Associated Press noted it was the largest fine the federal government ever slapped on a casino for violating the Bank Secrecy Act.īut key details of the casino’s cash reporting violations are missing from the publicly released documents, including the identities of the gamblers and casino employees involved in the transactions.

The records included the 1998 settlement, draft and final copies of a similar settlement in 2015, and exchanges between the Trump casino lawyers and federal regulators. Trump’s casino ended up paying the Treasury Department a $477,000 fine in 1998 without admitting any liability under the Bank Secrecy Act.ĬNN obtained 417 pages of Treasury Department documents under the Freedom of Information Act. The casino repeatedly failed to properly report gamblers who cashed out $10,000 or more in a single day, the government said. It’s a bit of forgotten history that’s buried in federal records held by an investigative unit of the Treasury Department, records that congressional committees investigating Trump’s ties to Russia have obtained access to, CNN has learned. The Trump Taj Mahal casino broke anti-money laundering rules 106 times in its first year and a half of operation in the early 1990s, according to the IRS in a 1998 settlement agreement.

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