The casino failed to file Currency Transaction Reports (CTRs) and Suspicious Activity Reports for Casinos (SARCS) that are required under the BSA, a law intended to thwart money laundering.įederal prosecutors entered into the NPA in recognition of the Bicycle’s remedial efforts to strengthen its anti-money laundering program, as well as its acceptance of responsibility, cooperation with authorities during this investigation, and agreement to make a $500,000 payment. The protest had targeted hotels near LAX because they have some of the most depressed wages relative to other hotels, according to union organizers.LOS ANGELES – To resolve an investigation into alleged violations of the anti-money laundering provisions of the Bank Secrecy Act (BSA), the partnership that operates the Bicycle Hotel & Casino in Bell Gardens has agreed to pay $500,000 and undergo enhanced review and reporting requirements designed to prevent future violations of federal law.Īccording to a Non-Prosecution Agreement (NPA) with federal prosecutors, the Bicycle accepted responsibility for failing to properly file reports for a foreign national who conducted millions of dollars in cash transactions at the casino in 2016. In early December Unite Here Local 11 had escalated pressure on Sheraton Gateway LAX with a round-the-clock picket line, where workers set up tents and camped outside the hotel for four days and three nights in shifts. The union has declined to give specifics on wages and other economic details of the agreements it has reached so far, and the contracts have not yet been put to a vote by workers. Unite Here Local 11 spokesperson Maria Hernandez has said the contracts make major gains in raising wages, strengthening pensions and increasing investments in healthcare. In all, the union representing hospitality workers has reached tentative agreements with 24 hotels total, out of some 60 properties in Los Angeles and Orange counties initially targeted by intermittent strikes that started in July. The agreements cover roughly 800 workers at the InterContinental, Hotel Indigo and E- Central in downtown L.A. properties as well as a hotel near Los Angeles International Airport. The union said Friday it had secured tentative agreements with three downtown L.A. Unite Here Local 11 has made more progress in contract talks with hotels ahead of the holidays.

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