Indiana Administrative Code
Title 68 - INDIANA GAMING COMMISSION
Article 15 - ACCOUNTING RECORDS AND PROCEDURES
Rule 2 - Currency Transaction Reports and Multiple Transaction Logs
Section 2-1 - General provisions
Universal Citation: 68 IN Admin Code 2-1
Current through September 18, 2024
Authority: IC 4-33-4; IC 4-35-4
Affected: IC 4-33; IC 4-35
Sec. 1.
(a) This rule applies to casino licensees and occupational licensees.
(b) As used in this rule, "security department" means the individuals employed by the casino licensee to provide security services for the casino gambling operation.
(c) The casino licensee shall establish procedures for the following:
(1) Tracking and
reporting cash transactions or a series of cash transactions that occur in the
same gaming day, in excess of three thousand dollars ($3,000).
(2) Reporting on a currency transaction
report the cash transactions made by a gaming patron during a twenty-four (24)
hour period that exceed ten thousand dollars ($10,000). The currency
transaction report shall be filed with the Internal Revenue Service within
fifteen (15) days of the transaction occurring and a copy shall be filed as
directed by the enforcement agent. Currency transaction reports shall be filed
for a single transaction or a series of related multiple transactions with the
same directional flow.
(d) Compliance with this rule does not release the casino licensee from its obligation to comply with applicable state and federal regulations.
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