(1) Each casino shall develop
and implement a written program reasonably designed to assure and
monitor compliance with the requirements set forth in 31 U.S.C. chapter
53, subchapter II and the regulations contained in this chapter.
(i) A system of internal
controls to assure ongoing compliance;
(ii) Internal and/or external independent
testing for compliance. The scope and frequency of the testing shall
be commensurate with the money laundering and terror- ist financing
risks posed by the products and services provided by the casino;
(iii) Training of casino
personnel, including training in the identification of unusual or
suspicious transactions, to the extent that the reporting of such
transactions is required by this chapter, by other applicable law
or regulation, or by the casino’s own administrative and compliance
policies;
(iv) An
individual or individuals to assure day-to-day compliance;
(v) Procedures for using
all available information to determine:
(A) When required by this
chapter, the name, address, social security number, and other information,
and verification of the same, of a person;
(B) The occurrence of any transactions or
patterns of transactions required to be reported pursuant to section
1021.320;
(C) Whether
any record as described in subpart D of part 1010 of this chapter
or subpart D of this part 1021 must be made and retained; and
(vi) For casinos that
have automated data processing systems, the use of automated programs
to aid in assuring compliance.
