[Code of Federal Regulations]

[Title 31, Volume 1]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR103.64]



[Page 420-421]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

                       DEPARTMENT OF THE TREASURY

 

PART 103_FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN 

TRANSACTIONS--Table of Contents

 

                      Subpart E_General Provisions

 

Sec. 103.64  Special rules for casinos.



    (a) Compliance programs. (1) Each casino shall develop and implement 

a written program reasonably designed to assure and monitor compliance 

with the requirements set forth in 31 U.S.C. chapter 53, subchapter II 

and the regulations contained in this part.

    (2) At a minimum, each compliance program shall provide for:

    (i) A system of internal controls to assure ongoing compliance;



[[Page 421]]



    (ii) Internal and/or external independent testing for compliance. 

The scope and frequency of the testing shall be commensurate with the 

money laundering and terrorist financing risks posed by the products and 

services provided by the casino;

    (iii) Training of casino personnel, including training in the 

identification of unusual or suspicious transactions, to the extent that 

the reporting of such transactions is required by this part, by other 

applicable law or regulation, or by the casino's own administrative and 

compliance policies;

    (iv) An individual or individuals to assure day-to-day compliance;

    (v) Procedures for using all available information to determine:

    (A) When required by this part, the name, address, social security 

number, and other information, and verification of the same, of a 

person;

    (B) The occurrence of any transactions or patterns of transactions 

required to be reported pursuant to Sec. 103.21;

    (C) Whether any record as described in subpart C of this part must 

be made and retained; and

    (vi) For casinos that have automated data processing systems, the 

use of automated programs to aid in assuring compliance.

    (b) Special terms. As used in this part, as applied to casinos:

    (1) Business year means the annual accounting period, such as a 

calendar or fiscal year, by which a casino maintains its books and 

records for purposes of subtitle A of title 26 of the United States 

Code.

    (2) Casino account number means any and all numbers by which a 

casino identifies a customer.

    (3) Customer includes every person which is involved in a 

transaction to which this part applies with a casino, whether or not 

that person participates, or intends to participate, in the gaming 

activities offered by that casino.

    (4) Gaming day means the normal business day of a casino. For a 

casino that offers 24 hour gaming, the term means that 24 hour period by 

which the casino keeps its books and records for business, accounting, 

and tax purposes. For purposes of the regulations contained in this 

part, each casino may have only one gaming day, common to all of its 

divisions.

    (5) Machine-readable means capable of being read by an automated 

data processing system.



[58 FR 13549, Mar. 12, 1993, as amended at 59 FR 61662, Dec. 1, 1994; 60 

FR 33725, June 29, 1995; 67 FR 60730, Sept. 26, 2002]