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Can you summarize 31 CFR Part 1021, Subpart D?
RULES FOR CASINOS AND CARD CLUBS > Records Required To Be Maintained By Casinos and Card Clubs
Short Summary
This legal document outlines the recordkeeping requirements that apply to casinos and card clubs. It specifies that casinos must maintain records of the name, permanent address, and social security number of individuals involved in each transaction. For nonresident aliens, the casino must also record their passport number or a description of another government document used for identity verification. The document further requires casinos to retain records of funds received, bookkeeping entries, deposit and credit account statements, extensions of credit, and instructions involving transactions outside the United States. Additionally, casinos must maintain records required by state and local laws, as well as records used to monitor customer gaming activity. A separate record must be kept for transactions involving certain types of instruments with a face value of $3,000 or more. If records are maintained on computer disk, tape, or other machine-readable media, the necessary materials to access and review those records must also be retained. The document does not specify any exemptions or penalties for non-compliance or violation of the recordkeeping requirements.
Whom does it apply to?
Casinos and card clubs
What does it govern?
Recordkeeping requirements for casinos and card clubs
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Penalties for non-compliance or violation of the recordkeeping requirements are not specified in the document.
Jurisdiction
U.S. Federal Government