Yes. There are several things that must be included in the program: Internal controls (policies and procedures designed to assure compliance with the Bank Secrecy Act (BSA)); Training of the casino employees; Independent testing for compliance ; A compliance officer, who is responsible for day-to-day compliance with the BSA and the casino’s AML program; Procedures for using all available information to determine, when required, the name, address and Social Security Number (SSN), and to verify the identity of, a person; Procedures for using all available information to determine any transactions or patterns of transactions required to be reported as suspicious; and Procedures for using computers to aid in assuring compliance, if the casino has computerized systems. Return to List of FAQs
