It was only a matter of time — though it seemed to happen quite soon — that a $7 billion casino resort project on a very remote, unassuming 44-square-mile island would become the subject of suspected money laundering. News spread quickly following a Nov. 14 Bloomberg article that the HK$3.9 billion (US$513 million) in revenues posted by Imperial Pacific International (CNMI) LLC for the first six months of this year has drawn the attention of the U.S. Treasury’s Financial Crimes Enforcement Network.
The article caused such a drastic reaction from Imperial Pacific stockholders that the . . .
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