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Can you summarize 31 CFR 1021.210?
Programs > Anti-money laundering program requirements for casinos.
Short Summary
This document outlines the anti-money laundering program requirements for casinos. It states that a casino must implement and maintain a compliance program to ensure adherence to the regulations set forth in 31 U.S.C. chapter 53, subchapter II and the regulations contained in this chapter. The compliance program should include internal controls for ongoing compliance, independent testing for compliance, training of casino personnel in identifying unusual or suspicious transactions, appointment of an individual or individuals for day-to-day compliance, procedures for using available information to determine required information and record-keeping, and the use of automated programs for compliance assurance in casinos with automated data processing systems. The document does not mention any specific exemptions or penalties for non-compliance or violation of the program requirements.
Whom does it apply to?
Casinos
What does it govern?
Anti-money laundering program requirements for casinos
What are exemptions?
No exemptions are mentioned
What are the Penalties?
Penalties for non-compliance or violation of the program requirements are not specified in the provided document
Jurisdiction
U.S. Federal Government