Sparks Nugget fined $1M for money-laundering violations

The U.S. Treasury Department's Financial Crimes Enforcement Network announced the civil penalty Tuesday for the hotel-casino that did business as John Ascuaga's Nugget before it first was sold in 2013.

FinCEN Director Jennifer Shasky Calvery says the Nugget egregiously and willfully violated the Bank Secrecy Act's reporting obligations, anti-money laundering and record-keeping requirements.