Regulatory Alerts2002-09-26
Added
Requirement that Casinos & Card Clubs Report Suspicious Transactions
This final rule amends 31 CFR Part 103 to require state-licensed casinos and card clubs with annual gaming revenue exceeding $1 million to report suspicious transactions to the Department of the Treasury. The amendments also modify existing requirements for these entities to maintain Bank Secrecy Act compliance programs. The reporting obligation becomes applicable on March 25, 2003, following the rule's effective date of October 28, 2002.
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