Training module created by:  Title 31 Testing, LLC

Recording and Reporting Obligations Under the BSA

CTR

A Currency Transaction Report must be filed for single or aggregated transactions that exceed $10,000. The customer transactions may be either Cash-In or Cash-Out and must occur in a single Gaming Day.

CTRs must be sent by e-file to the Internal Revenue Service, which is part of the Department of Treasury.  The CTR must be eFiled within fifteen (15) days of the transaction.

Multiple Transactions (aggregated) must be treated as a single transaction if the Casino has knowledge that they are by, or on behalf of any person, and result in either Cash-In or Cash-Out totaling more than $10,000 during any Gaming Day.

All BSA/Title 31 documentation must be retained by the Casino’s Audit Staff in chronological order by Gaming Day and Gaming Year for a minimum of five years.

Red Lake Gaming Enterprises, Inc

Title 31 Training