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Can you summarize TNRR Section 1350-03-.02?
Minimum Internal Controls > GENERAL STANDARDS
Short Summary
These rules and regulations govern the minimum internal controls that must be implemented by Licensees offering Interactive Sports Gaming in the state of Tennessee. Licensees are required to obtain approval from the Tennessee Sports Wagering Council for their internal controls before commencing operations and whenever significant changes are made. The internal controls cover various aspects, including safeguarding assets and revenues, maintaining reliable records, safeguarding Sports Gaming Accounts, conducting internal and independent audits, implementing user access controls and segregation of duties, establishing risk management procedures, identifying and reporting fraud and suspicious wagering activity, preventing minors and prohibited participants from engaging in Interactive Sports Gaming, complying with anti-money laundering standards, describing available wagers, integrated third-party systems, hardware and software applications, data and information feeds and services, ensuring regulatory compliance, and implementing a monitoring system to identify irregularities and suspicious wagering activities. The rules also require Licensees to maintain a change management log for their Sports Gaming Systems, categorizing changes into three levels based on their impact and obtaining prior approval for high-impact changes. The document cites the relevant sections of the Tennessee Code Annotated and provides the administrative history of the rules.
Whom does it apply to?
Licensees offering Interactive Sports Gaming
What does it govern?
Minimum Internal Controls for Licensees offering Interactive Sports Gaming
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Tennessee