Burden, or Benefit?
Title 31 - Strategy for Casino Fraud Prevention & Regulatory Compliance
Posted by Sean Trundy on Mon, Jun 14, 2010 @ 04:40 AM
Topics: regulatory compliance, red flag rules, verification of ID, Title 31, counterfeit fraud, fraud prevention
Despite Bank Secrecy Act, Casinos Face Risks From Money Laundering
Posted by Gary Satanovsky on Mon, Jun 07, 2010 @ 01:07 PM
Of course it isn't that easy anymore. The U.S. has developed a comprehensive anti-money-laundering (AML) program, with Title 31 Bank Secrecy Act of 1970 central to government's efforts. The BSA requires financial institutions of all kinds, including casinos and “card clubs” with over $1 million in gaming revenue, to document any single-day transactions over $10,000, in addition to reporting “suspicious activity” of any amount.
Topics: Title 31, fraud prevention
This is the first in a series of articles discussing the challenges faced by casinos - regarding both compliance with regulatory requirements and prevention of losses resulting from fraudulent theft. At the conclusion of this series of articles, we will be hosting a Webinar on the topic of Title 31 Compliance and offering a free download of a "Best Practices in Casino Regulatory Compliance" whitepaper.
Topics: identity theft, regulatory compliance, Title 31, fraud prevention