Tracks: Regulation and Compliance
The US Treasury’s FinCEN division is tasked with enhancing the integrity of US financial systems by facilitating the detection and deterrence of financial crime, including in gaming. So how can Tribal Casinos to mitigate their Title 31/AML risk? In this panel we will discuss some of the Title 31/AML Compliance shortcomings that triggered 2016 enforcement actions from FinCEN against casinos along with analyzing the costs to the casinos, including fines and the undertaking that now are included in almost all the enforcement actions. The remedial actions and character damage are significant cost to the casinos that need to be considered while implementing and revising your Casinos BSA Programs.