Ask Reggi Your Question Now
Can you summarize TNRR 1350-03?
Tennessee Sports Wagering Advisory Council > Minimum Internal Controls
Short Summary
The provided legal document content pertains to the Minimum Internal Controls Emergency rules of the Tennessee Sports Wagering Council. These rules govern the minimum internal controls that must be implemented by Licensees offering Interactive Sports Gaming in the state of Tennessee. The document outlines various aspects that the internal controls cover, including safeguarding assets and revenues, maintaining reliable records, conducting audits, implementing user access controls, establishing risk management procedures, preventing fraud and suspicious wagering activity, ensuring compliance with anti-money laundering standards, preventing minors and prohibited participants from engaging in Interactive Sports Gaming, 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 and submit a description of their risk management framework to the Council. Additionally, the document addresses user access controls, integrity monitoring procedures, prevention of wagering by ineligible bettors, anti-money laundering compliance, approved wagers, management of third-party service providers, prohibition on wagers and payouts to minors, and minimum controls for Sports Gaming Systems. The document cites the relevant sections of the Tennessee Code Annotated and provides the administrative history of the rules. It applies to Licensees offering Interactive Sports Gaming in the state of Tennessee. The document does not mention any specific exemptions or penalties for non-compliance or violation of the provisions.
Whom does it apply to?
Licensees offering Interactive Sports Gaming in the state of Tennessee
What does it govern?
Minimum internal controls for Licensees offering Interactive Sports Gaming in the state of Tennessee
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Penalties for non-compliance or violation of the provisions are not specified.
Jurisdiction
Tennessee