Atlantic City, N.J.’s embattled Trump Taj Mahal casino has agreed to a settlement of federal findings that it violated anti-money-laundering requirements, the Wall Street Journal reported today. The Treasury Department’s financial crimes enforcement regulators in December told Trump Taj Mahal Associates LLC it had violated the Bank Secrecy Act’s “program, reporting and record-keeping requirements,” according to papers filed in the U.S. Bankruptcy Court in Wilmington, Del. Trump Entertainment Resorts, the casino unit’s parent company, noted in a statement that the civil consent order was reported in the chapter 11 plan voting materials that have been approved for creditor balloting. The company detailed the settlement on Tuesday in a motion seeking approval from a bankruptcy judge. Trump Taj Mahal has agreed to consent to the assessment of a $10 million civil penalty, and admits violations of the anti-money-laundering program requirements.
