Fraud


The Financial Crimes Enforcement Network issued guidance to casinos and card clubs with “red flags” that may indicate the presence of money laundering, terrorist financing and related financial crimes.

FinCEN’s guidance FIN-2008-G007, Recognizing Suspicious Activity—Red Flags for Casinos and Card Clubs, gives examples of activities that may be attempts to evade Bank Secrecy Act reporting or recordkeeping requirements, such as minimal gaming activities without reasonable explanations. The red flags are based on actual suspicious activity reports, observations of examiners, and experience of law enforcement.

The guidance is available at www.fincen.gov.

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