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Title 31 Anti-Money Laundering

FAQs regarding Title 31 (Anti-Money Laundering)
Insights into the intent of Title 31 and information on the reporting and recordkeeping requirements for casinos.

FinCEN develops answers to Frequently Asked Questions  to assist in complying with the responsibilities under the Bank Secrecy Act (BSA).

FinCEN announced a final rule today that exempts casinos from the requirement to file CTRCs on jackpots from slot machines and video lottery terminals. The final rule also exempts reportable transactions in currency, under certain conditions, involving certain money plays and bills inserted into electronic gaming devices.

The Financial Crimes Enforcement Network (FinCEN) requires mandatory use of the BSA E-Filing System for filing Currency Transaction Reports and Suspicious Activity Reports.  FinCEN has prepared educational materials to assist entities, including tribes, with filing the Suspicious Activity Report, and preparing the required narrative. The SARC Guidance Booklet is specific to casino enterprises.  This guide provides examples of actual casino SARC narratives. This guide should be of assistance to tribes in improving their compliance program.

In addition, FinCEN has produced a general guidance booklet, Guidance on Preparing a Complete & Sufficient Suspicious Activity Report Narrative, to assist all types of enterprises in creating sufficiently detailed Suspicious Activity Reports. Some portions of this guide may not relate to a tribal enterprise.

The office of Indian Tribal Governments (ITG) is available to provide any necessary outreach and/or training as well as answer any questions that may arise with respect to this matter.  Tribal governments are encouraged to contact us if they require further assistance. 

Publication 3908 - Gaming Tax Law for Indian Tribal Governments
This publication provides tribal governments conducting or sponsoring gaming activities with updated information pertaining to Class I, Class II and Class III gaming activities.

ITG Tax Kit
Forms, publications and information frequently requested by tribal governments.

 


Other Related Title 31 FAQs

FAQs regarding Non-Casino Cash Transactions Over &gt0,000 - Form 8300
Insights into when non-casino entities are subject to Title 31, Form 8300, and the reporting and recordkeeping requirements for them.

Glossary of Terms
Insights into the words and phrases used in the frequently asked questions.

Page Last Reviewed or Updated: 18-Apr-2014