Each casino shall file a report
of each transaction in currency, involving either cash in or cash
out, of more than $10,000.
(a) Transactions in
currency involving cash in include, but are not limited to:
(1) Purchases of chips, tokens, and other
gaming instruments;
(2) Front money deposits;
(3) Safekeeping deposits;
(4) Payments on any form of credit, including
markers and counter checks;
(5) Bets of currency, including money plays;
(6) Currency received
by a casino for transmittal of funds through wire transfer for a customer;
(7) Purchases of a casino’s
check;
(8) Exchanges
of currency for currency, including foreign currency; and
(9) Bills inserted into electronic
gaming devices.
(b) Transactions in
currency involving cash out include, but are not limited to:
(1) Redemptions of chips, tokens, tickets,
and other gaming instruments;
(2) Front money withdrawals;
(3) Safekeeping withdrawals;
(4) Advances on any form
of credit, including markers and counter checks;
(5) Payments on bets;
(6) Payments by a casino to a customer
based on receipt of funds through wire transfers;
(7) Cashing of checks or other negotiable
instruments;
(8) Exchanges
of currency for currency, including foreign currency;
(9) Travel and complimentary
expenses and gaming incentives; and
(10) Payment for tournament, contests,
and other promotions.
(c) Other provisions
of this chapter notwithstanding, casinos are exempted from the reporting
obligations found in this section and section 1021.313 for the following
transactions in currency or currency transactions:
(1) Transactions between a casino and a
dealer in foreign exchange, or between a casino and a check casher,
as those terms are defined in section 1010.100(ff) of this Chapter,
so long as such transactions are conducted pursuant to a contractual
or other arrangement with a casino covering the financial services
in paragraphs (a)(8), (b)(7), and (b)(8) of this section;
(2) Cash out transactions
to the extent the currency is won in a money play and is the same
currency the customer wagered in the money play, or cash in transactions
to the extent the currency is the same currency the customer previously
wagered in a money play on the same table game without leaving the
table;
(3) Bills inserted
into electronic gaming devices in multiple transactions (unless a
casino has knowledge pursuant to section 1021.313 in which case this
exemption would not apply); and
(4) Jackpots from slot machines or video
lottery terminals.
