Training module created by:  Title 31 Testing, LLC

Currency Transaction Reports

The Bank Secrecy Act (BSA), issued by the United States Treasury Department, requires casinos to e-file Currency Transaction Reports for single or aggregated transactions through, or to a casino, which involves a transaction in currency of more than $10,000.

REMINDER: As of April 1, 2013, casinos must use the new FinCEN reports, which are available only electronically through the BSA E-Filing System. FinCEN is no longer accepting legacy reports.

Examples:

• A VIP cashes out $13,500 in blackjack chips at the cage right before she leaves.
  

• A regular player cashes out $7,500 in slot tickets around lunchtime, then cashes out $8,000 in slot tickets around dinnertime on the same Gaming Day, making it an aggregated transaction.
  

• A gamer, which no one in Table Games has ever seen before, sits down at a table and buys into the game for $10,200 in black chips.
  

Each casino utilizes a unique 24-hour period for its Gaming Day, for example, 3:00am - 2:59am the following day.  Each of the Seven Clans Casinos utilize the same hours for each property's Gaming Day.

Red Lake Gaming Enterprises, Inc

Title 31 Training