Treasury Issuance Requires Casinos to Report Suspicious Activities
Effective March 25, 2003, the Department of the Treasury extends to casinos and card clubs the suspicious transaction reporting requirements to which the nation's banks, thrift institutions, credit unions, broker-dealers, and certain money services businesses are already subject. The Financial Crimes Enforcement Network (FinCEN) has outlined these reporting requirements in the Federal Register. FinCEN Form 102, Suspicious Activity Report by Casinos and Card Clubs, must be used by casinos and card clubs to report suspicious transactions to FinCEN and must be filed no later than 30 calendar days after the date of the initial transaction.
The office of Indian Tribal Governments (ITG) is available to provide any necessary outreach and/or training as well as answer any questions which may arise with respect to this matter. Tribal governments are encouraged to contact us if they require further assistance.