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Can you summarize 25 CFR Part 543?
HUMAN SERVICES > MINIMUM INTERNAL CONTROL STANDARDS FOR CLASS II GAMING
Short Summary
The provided legal document content outlines the Minimum Internal Control Standards (MICS) for Class II gaming operations on Indian lands. These standards apply to gaming operations and agents authorized by the gaming operation. The document provides definitions for various terms used throughout the MICS and covers various aspects of gaming operations, including financial controls, surveillance, patron accounts, promotions, and auditing standards. Tribal Gaming Regulatory Authorities (TGRAs) are required to establish and implement controls that meet or exceed these standards. TGRAs must evaluate their existing controls and revise them if necessary to ensure compliance. All changes to achieve compliance must be implemented within twelve months of the effective date of this part. Gaming operations must develop a System of Internal Control Standards (SICS) approved by the TGRA to implement the MICS. Existing gaming operations must comply with the MICS within the specified time requirements, while new gaming operations must comply before commencing operations. The document also allows for variances to be reviewed and documented, alternative computer applications to be used with TGRA approval, and the determination of tier levels based on annual gross gaming revenues. Tribal regulations promulgated pursuant to this part are not required to be submitted to the Commission. Enforcement actions may be taken for non-compliance with the MICS, with prior notice and opportunity for corrective action provided in most cases. The document also provides specific MICS for different types of gaming operations, such as bingo, pull tabs, card games, gaming promotions and player tracking systems, complimentary services or items, patron deposit accounts and cashless systems, lines of credit, drop and count, cage, vault, cash, and cash equivalents, inventory, information technology, and surveillance. No specific penalties for non-compliance or violation are mentioned in the document.
Whom does it apply to?
Tribal Gaming Regulatory Authorities (TGRAs), gaming operations, agents authorized by the gaming operation
What does it govern?
Minimum Internal Control Standards (MICS) for Class II gaming operations
What are exemptions?
Exemptions for small gaming operations with annual gross gaming revenue not exceeding $3 million, as long as they comply with alternate procedures established by the TGRA. Charitable gaming operations are exempt if their annual gross gaming revenue does not exceed $3 million and the operations are operated entirely by the agents of the charitable organization. Independent operators conducting gaming operations for the benefit of a charitable organization are not exempt.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
U.S. Federal Government