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Treasury Plans to Vet High Roller Funds

Discussion in 'Casino Gaming' started by wormhole, Mar 28, 2014.

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  1. wormhole

    wormhole Low-Roller

    Jul 25, 2010
    Trips to Las Vegas:
    Found this on the LVA site today.

    U.S. casinos may soon be required by the Treasury Department's Financial Crimes Enforcement Network (FinCEN) to vet the source of their high rollers' money, reports Reuters, in a move designed to address longstanding regulatory and law enforcement concerns regarding anti-money laundering laws. Currently, casinos are required to report suspicious activity, but the new rules under development would explicitly require them to investigate the source of gamblers' funds.
  2. Viva Las Vegas

    Viva Las Vegas Ramblin' Gamblin' Man

    May 31, 2008
    Trips to Las Vegas:
    Feds demand casinos vet bankrolls of high limit gamblers

    Government survalliance expands to the blackjack table.


    U.S. casinos may soon have to vet where their high rollers' funds come from under a requirement being developed by the U.S. Treasury Department, according to two people familiar with the matter......

    The rule is likely to require casinos to get more information about certain customers in order to shed light on high-risk transactions such as international wires and large cash deposits, said the sources, who asked not to be named.

    Treasury's Financial Crimes Enforcement Network director Jennifer Shasky Calvery delivered a strongly worded message at a gaming industry conference.

    "You ask your customers many questions about their preferences; you can and should get information about their sources of funds to meet your obligations to identify and report suspicious activity,"

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