Preparing Your Property for a Title 31/AML IRS Compliance Examination
5/3/2016
Recent Updates • Banks auditing Casinos AML Programs o Under same scrutiny as Casinos o Must know their customers’ source of funds o Casinos do not have to comply • Bank may terminate relationship
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Anti-Money Laundering Act of 2020 • FinCEN to publish emerging trends (priorities) in money laundering o Casinos will build these into Risk Assessment and Compliance Program • Modernization of AML regulations o Changes to CTR/SAR reporting for example o Additional CTR exemptions
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BlueBird, CPAs
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