RegAlert2009-09-30
Added · Updated
Frequently Asked Questions Casino Record keeping, Reporting, and Compliance Program Requirements
This guidance interprets Bank Secrecy Act regulations for U.S. casinos and card clubs, defining Nevada slot route operators as casinos if gross annual gaming revenue exceeds $1 million. Casinos and card clubs must file Currency Transaction Reports for transactions exceeding $10,000 in a gaming day, aggregate related transactions, and maintain internal controls for chip redemptions and customer identification. Suspicious Activity Reports are required for suspicious transactions of $5,000 or more, with ongoing reports filed every 90 days for continuing activity. The document also clarifies rules regarding information sharing under Section 314(b), record retention for five years, and the confidentiality of filed reports.
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FIN-2009-G004
Issued Date
Guidance Subject
Frequently Asked Questions Casino Record keeping, Reporting, and Compliance Program Requirements
This document provides guidance interpreting the requirements of the Bank Secrecy Act ("BSA") regulations as they apply to the casino and card club industries in the United States. We additionally published frequently asked questions for casinos and card clubs as FIN-2007-G005 on November 14, 2007. Casinos and card clubs may continue to rely on the guidance contained in FIN-2007-G005, which has not been incorporated into this publication.
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Source: Financial Crimes Enforcement Network — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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