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.
FinCEN isssued a Notice regarding the delay in using the revised Suspicious Activity Report (SAR) forms.
FinCEN Form 103
The Financial Crimes Enforcement Network has issued FinCEN Form 103 which replaces IRS Form 8362 and must be used for all casino reporting on or after October 1, 2003. FinCEN Form 102 remains in effect for Suspicious Activity Reporting.
Financial Crimes Enforcement Network (FinCEN) Guidance and Educational Materials
FinCEN has issued guidance on filing requirements for Suspicious Activity Reports for Casinos and Card Clubs (SARC). The guidance answers questions about required forms and provides examples to assist in the completion of FinCEN Form 102, Suspicious Activity Report by Casinos and Card Clubs.
Patriot Act Communication System (PACS)
The USA Patriot Act of 2001 tasked the Financial Crimes Enforcement Network (FinCEN) with developing a highly secure network to allow filing institutions to electronically file certain Bank Secrecy Act (BSA) Forms. To learn more about the Patriot Act Communication System, please read "Should I Use BSA E-Filing?"
Treasury Issuance Requires Casinos to Report Suspicious Activities
The Treasury Department has published final rules relating to the requirement for casinos and card clubs to report suspicious transactions. These rules, as published in the Federal Register, become effective on March 25, 2003.
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.
Recent Development Archive
Listing of archived newsworthy issues which may affect tribal governments.
Other Related Title 31 FAQs
FAQs regarding Non-Casino Cash Transactions Over $10,000 - 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.