Posts Tagged: money laundering

Card club agrees to record $5.3 million penalty

Artichoke Joe's Casino in San Bruno, south of San Francisco. (Photo: Wikipedia)

by JOHN HOWARD posted 03.26.2021

State law enforcement authorities say a settlement has been reached with Artichoke Joe’s Casino, a major California card club, for violation of money laundering laws and for misleading investigators. The casino agreed to pay a $5.3 million penalty.

Following the money — in cash

Counting the cash. (Photo: NATNN, via Shutterstock)

by RICH EHISEN posted 02.21.2020

When Steve Swanson decided to stop accepting cash at his longtime chain of Sacramento area dry cleaning stores, it seemed to make all the sense in the world.  “Cash was such a small portion of our operation,” he says. “Some days we might have only a few dollars for a whole day.” But soon he might not have a choice.