Anti-Money Laundering

Anti-Money Laundering

Courses Tabs

Overview
CLE Hours: 
1.0
CLE Credit: 
Substantive
Course Level: 
Basic
Fees: 
$39 for Members and $59 for Nonmembers
Course Materials: 
Conference recording and a PDF of the PowerPoint slides

This session will provide an overview of FinCEN (US Department of Treasury Financial Crimes Enforcement Network) and their enforcement of the Bank Secrecy Act (BSA) as it relates to Anti-Money Laundering (AML), focusing on current events in the gaming industry. It will provide you with a basic understanding of AML, state and government oversight and gaming regulatory oversight. You will learn how extensive the penalties can be for non-compliance and the extremes regulators are going to, to ensure strict adherence to the laws, rules and regulations. This session will discuss Title 31 requirements including the filing of Currency Transaction Reports (CTRs) as well as Suspicious Activity Reports (SARs) and how the casinos manage their compliance efforts. We will also discuss the need for a Culture of Compliance and individual accountability in this new day and age of AML compliance.

Instructor: 
Course Year: 
2016