A federal prosecutor from the U.S. attorney’s office in central California who has handled anti-money laundering cases involving Las Vegas casinos, including the MGM Grand hotel-casino and its former President Scott Sibella, is expected to speak on the cases at a conference focusing on the Bank Secrecy Act this week at Caesars Palace.

U.S. Attorney Jeff Mitchell is among the speakers scheduled at a four-day BSA/AML conference that began Monday and is sponsored by BSA-AML Compliance Group.

The online description of Mitchell’s presentation at the conference said: "Jeff Mitchell will deliver an insightful presentation on the prosecutions of several southern California illegal bookmakers, the MGM Grand Casino and its former President Scott Sibella, the Cosmopolitan Casino, and a money service business. This session will provide a deep dive into the intricacies of these cases, highlighting the stipulated revisions to MGM’s AML program as part of the settlement agreement with the casino.”

The conference is directed at casino executives, gaming regulators and casino compliance officers wanting to learn more about federal banking regulations and how casinos must comply with those laws.

A representative of the group said media members would not be allowed to attend any of the conference presentations.

Mitchell was part of the team of attorneys that prosecuted MGM Resorts International and its then-president, Sibella.

Sibella was sentenced to one year’s probation and fined $9,500 for violating the federal Bank Secrecy Act established to fight money laundering at financial institutions.

https://bsaamlgamingconference.com/2024-agenda/

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