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Can you summarize 31 CFR Chapter X?
Regulations Relating to Money and Finance > FINANCIAL CRIMES ENFORCEMENT NETWORK, DEPARTMENT OF THE TREASURY
Short Summary
The provided legal document content outlines the regulations, reporting requirements, recordkeeping requirements, special information sharing procedures, and special standards of diligence, prohibitions, and special measures for casinos and card clubs. It clarifies the meanings of various terms used in the regulations and provides definitions for terms such as business year, casino account number, customer, gaming day, and machine-readable. The document emphasizes the need for casinos to 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. It also outlines the reporting requirements for transactions in currency and suspicious transactions, as well as the recordkeeping requirements for casinos. The document mentions the special information sharing procedures implemented to deter money laundering and terrorist activity in casinos and card clubs, as well as the special standards of diligence, prohibitions, and special measures that apply to them. However, no specific exemptions or penalties are mentioned in the provided document.
Whom does it apply to?
Casinos and card clubs
What does it govern?
The provided legal document content outlines the regulations, reporting requirements, recordkeeping requirements, special information sharing procedures, and special standards of diligence, prohibitions, and special measures for casinos and card clubs.
What are exemptions?
No specific exemptions are mentioned in the provided document.
What are the Penalties?
No specific penalties are mentioned in the provided document.
Jurisdiction
U.S. Federal Government