Regulatory Alerts2011-04-12
Preparation Guidelines for completing the March 2011 version of FinCEN Form 103, Currency Transaction Report by Casinos
The Financial Crimes Enforcement Network issued guidance to assist casinos and card clubs in correctly completing the March 2011 version of FinCEN Form 103, Currency Transaction Report by Casinos. The document addresses significant filing errors identified in reviews, specifically requiring the use of the special response "XX" in critical Part I fields when data is unknown and mandating space-filled entries for zero-value electronic transaction fields. Additional instructions clarify proper reporting for casino legal names, valid ZIP codes, and gaming institution types to ensure data integrity for law enforcement and statistical analysis.
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