Examples of CG Technology in a sentence
If CG Technology, or anyone claiming to speak on behalf of CG Technology, makes such a contradictory statement, CG Technology may avoid a breach of the agreement by repudiating such statement within 48 hours of notification by FinCEN.
The Financial Crimes Enforcement Network (FinCEN) has determined that grounds exist to assess a civil money penalty against CG Technology, L.P., formerly known as, Cantor G&W (Nevada) L.P. d/b/a Cantor Gaming (CG Technology), pursuant to the Bank Secrecy Act (BSA) and regulations issued pursuant to that Act.1 CG Technology admits to the facts set forth in Attachment A and that its conduct violated the BSA.
CG Technology admits to “willfulness” only as the term is used in civil enforcement of the BSA under 31 U.S.C.§ 5321(a)(1).
CG Technology further understands and agrees that there are no express or implied promises, representations, or agreements between CG Technology and FinCEN other than those expressly set forth or referred to in this document and that nothing in the CONSENT or in this ASSESSMENT is binding on any other agency of government, whether Federal, State, or local.
CG Technology currently holds non-restricted gaming licenses, originally acquired in 2009, with approvals from the Nevada Gaming Commission to operate a race book, sports pool, off-track parimutuel race wagering, and off-track parimutuel sports wagering at multiple establishments in Nevada, including the M Resort Spa Casino, the Hard Rock Hotel & Casino, the Tropicana, the Cosmopolitan, the Venetian Casino Resort, the Palms Casino Resort and the Silverton Casino Lodge.
If FinCEN determines that a failure to comply with the Remedial Framework has occurred, FinCEN may take any enforcement action against CG Technology it deems appropriate, notwithstanding the Release in Part VIII below.Additional actions taken by FinCEN may include, but are not limited to, the imposition of additional civil money penalties, injunctive orders, or ordering other remedial actions within the authorities of FinCEN.
CG Technology expressly agrees to waive any statute of limitations defense to the reinstituted enforcement proceedings and further agrees not to contest any admission or otherfindings made in the CONSENT or Attachment A to the CONSENT.
CG Technology further agrees that, upon notification by FinCEN, CG Technology will repudiate such statement to the extent it contradicts either its acceptance of responsibility or any fact in the CONSENT or Attachment A to the CONSENT.
Under that Agreement, CG Technology agreed to pay a combined penalty and forfeiture amount of $16,500,000 and engage in the remedial steps alsooutlined in the Remedial Framework set forth in Attachment B to the CONSENT and this ASSESSMENT.
Execution of the CONSENT, and compliance with the terms of this ASSESSMENT and the CONSENT, does not release any claim that FinCEN may have for conduct other than the conduct described in Section III of the CONSENT and Attachment A to the CONSENT, or any claim that FinCEN may have against any party other than CG Technology, such parties to include, without limitation, any other director, officer, or employee of CG Technology.