Investing in America’s Financial Security: Casinos’ Commitment to Anti-Money Laundering Compliance

U.S. Gaming Industry Setting High Standard for Anti-Money Laundering Compliance

Report | 01.21.2016
Investing in America’s Financial Security: Casinos’ Commitment to Anti-Money Laundering Compliance

 

Report commissioned by AGA and facilitated by Big Four accounting and consulting firm, Ernst & Young LLP finds that casino gaming companies have significantly boosted their investment and vigilance to combat money laundering and terrorist financing in compliance with the federal Bank Secrecy Act (BSA) and associated AML regulations. It also finds that the industry has implemented a sweeping series of customer due diligence procedures to monitor illicit behavior, and has considerably increased the number of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) filed with the federal government.

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RT @howardstutz: Regulators, @AmerGamingAssn agree: Sports betting should be governed at the state level https://t.co/vDggcV1uSU… https://t.co/kvcucoVico

May 23, 2018