Regulatory Alerts2021-10-19
Exceptive Relief for Casinos from Certain Customer Identity Verification Requirements
The Financial Crimes Enforcement Network granted limited exceptive relief to casinos, allowing them to use non-documentary methods to verify the identities of online customers. This relief permits casinos to implement compliance measures consistent with Customer Identification Program regulations, addressing the inadequacy of strict documentary requirements for remote gaming interactions. The decision aims to accommodate the evolution of the gaming industry by enabling risk-based verification procedures that leverage third-party databases and other non-documentary sources.
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