Current through Register Vol. 56, No. 18, September 16, 2024
(a) A casino
licensee may accept a wire transfer or electronic fund transfer from or on
behalf of a patron.
(b) Any wire
transfer or electronic fund transfer authorized by this section shall be
transferred to and deposited in the casino licensee's operating account in a
state or Federally chartered bank whose accounts are insured by the Federal
Deposit Insurance Corporation. The casino licensee shall require its bank to
notify the casino licensee of the receipt and deposit of the wire transfer or
electronic fund transfer.
(c) Upon
notification that a wire transfer or electronic fund transfer has been credited
to the casino licensee's operating account, the cage employee who received the
notice shall record, at a minimum, the following information in the
notification section of a Wire Transfer or Electronic Fund Transfer Log
maintained in the main bank of the cashiers' cage or other secure location
within the cage:
1. A sequential wire transfer
or electronic fund transfer number which shall be generated by the casino
licensee;
2. The type of transfer
(wire transfer or electronic fund transfer);
3. The date and time of the
notification;
4. The name of the
casino licensee's bank to which the funds were transferred;
5. The actual amount of funds transferred to
the operating account of the casino licensee, stated in numbers and
words;
6. The name or casino
account number of the patron for whose benefit the funds were
transferred;
7. The name of the
financial institution from which the funds were transferred;
8. The address or the American Banking
Association (ABA) routing number of the financial institution from which the
funds were transferred;
9. The
account number or the name on the account from which the funds were
transferred, or the Federal reference number for the wire transfer, which
consists of the date of the transfer and a unique transaction number for that
transfer;
10. The signature of the
cage employee receiving and recording the information required by this
subsection; and
11. If applicable,
a notation that the wire transfer or electronic fund transfer has been
reversed.
(d) Upon
determining the purpose for the wire transfer or electronic fund transfer, a
cage supervisor shall prepare a Wire Transfer or Electronic Fund Transfer
Acknowledgment Form, a two-part form containing, at a minimum, the following
information:
1. The wire transfer or
electronic fund transfer number;
2.
The type of transfer, that is, whether a wire transfer or electronic fund
transfer;
3. The date of the wire
transfer or electronic fund transfer;
4. The actual amount of funds received
pursuant to the wire transfer or electronic fund transfer, stated in numbers
and words;
5. The name of the
patron;
6. The purpose for the wire
transfer or electronic fund transfer (cash deposit; redemption; payment of
returned Counter Check or Slot Counter Check);
7. The signature of the preparer;
and
8. The signature of either:
i. The check bank cashier, if the funds are
to be used for Counter Check or Slot Counter Check redemption or the payment of
a returned Counter Check or Slot Counter Check; or
ii. The general cashier, if the funds are to
be used for a cash deposit.
(e) A cage cashier shall transmit the
duplicate copy and any supporting documentation to the accounting department,
and forward the original Wire Transfer or Electronic Fund Transfer
Acknowledgment Form to:
1. The Check bank
cashier, if the funds are to be used for Counter Check or Slot Counter Check
redemption or the payment of a returned Counter Check or Slot Counter Check,
who shall:
i. Post the amount of the funds to
the patron's credit account;
ii. If
appropriate, return the redeemed Counter Check or Slot Counter Check to the
patron;
iii. Forward to the
accounting department the original Wire Transfer or Electronic Fund Transfer
Acknowledgment Form for comparison to the duplicate; and
iv. Forward to the accounting department the
redemption copy of any Counter Check redeemed; or
2. The general cashier, if the funds are to
be used to establish a cash deposit, who shall:
i. Prepare a patron deposit file;
ii. Prepare a Patron Deposit Form;
and
iii. Forward to the accounting
department the original Wire Transfer or Electronic Fund Transfer
Acknowledgment Form for comparison to the duplicate.
(f) At the end of the month, a
copy of the Wire Transfer and Electronic Fund Transfer Log shall be forwarded
to the accounting department and reconciled with all Wire Transfer or
Electronic Fund Transfer Acknowledgment Forms prepared during that month.
