Financial Crimes Enforcement Network 2006 – Federal Register Recent Federal Regulation Documents

Proposed Amendments to Bank Secrecy Act Regulations Regarding Casino Recordkeeping and Reporting Requirements
Document Number: E6-4072
Type: Proposed Rule
Date: 2006-03-21
Agency: Department of the Treasury, Financial Crimes Enforcement Network, Department of Treasury
We are proposing to amend the Bank Secrecy Act regulations relating to currency transaction reporting by casinos. Specifically, we are proposing to exclude, as reportable transactions in currency, jackpots from slot machines and video lottery terminals. We are also proposing to exclude certain transactions between casinos and currency dealers or exchangers and casinos and check cashers as reportable transactions in currency. Finally, we are proposing several other amendments that would update or clarify the ``cash in'' and ``cash out'' examples of transactions that are set forth in our currency transaction reporting regulations.