Wynn Las Vegas agrees to $5.5 million fine over money laundering violations

Wynn Las Vegas has agreed to pay a $5.5 million fine and implement remedial measures after Nevada regulators found violations of anti-money laundering protocols linked to unlicensed financial transactions at the Strip resort.

The proposed settlement, announced Thursday by the Nevada Gaming Control Board (NGCB), follows a 2024 investigation into Wynn’s operations and is subject to approval by the Nevada Gaming Commission at its May 22 meeting.

The NGCB stated that Wynn Las Vegas admitted to permitting unlicensed money transfers to gamblers and facilitating improper financial activities, including international transactions and proxy betting. The infractions were detailed in a non-prosecution agreement with the U.S. Attorney’s Office for the Southern District of California, which also led to a $130 million federal forfeiture.

Regulators cited “unsuitable methods of operation” stemming from the use of unregistered money transmitting businesses. In some cases, former employees allegedly allowed international customers to gamble with funds obtained through these means, and even placed wagers on behalf of others—actions that violated Wynn’s own Anti-Money Laundering (AML) Compliance Program and gaming license.

“Upon resolution of the federal case, NGCB Enforcement Agents completed a separate regulatory investigation and received full cooperation from Wynn LV throughout the investigation,” the board said.

As part of the settlement, Wynn will be required to enhance its employee training and implement stricter internal controls to prevent future violations.