Casino or Card Club Risk-Based Compliance Indicators | FinCEN.gov 30 Jun 2010 ... Please note that the business/customer risk factors described below will not ... There are many risk indicators or factors that a casino or card club may .... Customers listed on a so-called "barred patron list" and their known ... FinCEN Issues $8 Million Penalty on California Card Club for Willful ... 17 Nov 2017 ... Artichoke Joe's Casino Turned a Blind Eye to Loan Sharking, Suspicious ... their risk of exploitation by criminal elements, and understand that they ... chips to customers on the gaming floor within plain sight of AJC employees. anti-money laundering compliance - American Gaming Association engaged in illegal activity may attempt to use the casino's financial services to conceal or ... Network of the U.S. Department of the Treasury (FinCEN). ..... officer should also understand the casino's products, services, customers, entities, and. The U.S. Casino and Gaming Industry: AML/BSA Regulation and ...
FinCEN: Know Your Customer Requirements. ... As part of these efforts, the US’s Financial Crimes Enforcement Network (FinCEN) proposed Know Your Customer ...
This week the Financial Crimes Enforcement Network (Fincen) announced a Consent Agreement that imposed an $8 million civil penalty against Desert Palace, Gregory Lisa | Washington, D.C. | Hogan Lovells Advising a casino regarding compliance with the Bank Secrecy Act, know-your-customer requirements, and suspicious activity reporting requirements. Rolling the Dice: Casinos, Fincen and AML Compliance
Moving Proactively to Secure Revenues in the Face of FinCEN Changes
The Bank Secrecy Act — Coming To A Casino Near You - Law360
Sep 17, 2015 · FinCEN's Caesars Penalty A Cautionary Tale For Casinos Know Your Customer (KYC) Practices ... FinCEN may scrutinize the casino’s KYC procedures and record keeping practices. The lesson here ...
Gregory Lisa helps financial institutions navigate the complex regulations and ... work at FinCEN, Greg served in the Office of Enforcement at the Consumer Financial ... compliance with the Bank Secrecy Act, know-your-customer requirements, and ... Drafting key components of a casino's anti-money laundering compliance ... FinCEN Announces Caesars Penalty After Multiyear Investigation ... 11 Sep 2015 ... FinCEN noted that both “catered to the casino's wealthiest – and riskiest ... including implementing risk-based 'Know Your Customer' (KYC) ...
Mar 20, 2018 ... Two weeks ago, the Department of Justice (DOJ) charged a California ... Network (FinCEN), and for failing to conduct “know your customer” (KYC) ... required of MSBs and other financial institutions, like banks and casinos.
FinCEN is no longer accepting ... click here. Chapter X List for Casinos/Card Clubs (Updated November 18 ... a California Corporation d/b/a Artichoke Joe’s Casino. FinCEN Doubles Down on Casinos with Heightened Regulatory ... FinCEN Doubles Down on Casinos with Heightened Regulatory Expectations. ... and a casino's Know Your Customer ... requires every casino to know its customers, ...
Customer Due Diligence Requirements for - FinCEN.gov