11141622 - MY Level III Training Material

Preparing Your Property for a Title 31/AML IRS Compliance Examination

5/3/2016

Scenario 3 • Brother has been in/out of prison for crimes ranging from drug trafficking to money laundering.

• Suspicious? File? Source of funds issue?

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Scenario 4 Example SAR Scenario 4

• Casino allows patrons to purchase gift cards in the gift shop on credit, and redeem in the cage for cash. A high limit player regularly engages in this activity and has rated play. Today, he enters the Casino, purchases $9,000 in gift cards, redeems them in the Cage, and has no rated play.

• What do you think? Suspicious?

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BlueBird, CPAs

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