The following are typical regulations posted by most, if not all, United States casinos.

USA FEDERAL GOVERNMENT
TITLE 31 CURRENCY TRANSACTION REPORTING
RULES AND REGULATIONS

The following types of cash-in (customer to casino) transactions are to be reported when the total (single or aggregated) exceeds $10,000 in a 24 hour period.

• Currency for currency exchanges
• Tournament of other player buy-in
• Cash buy-ins at the table games
• Cash wagers
• Any other cash-in transactions

The following types of cash-out (casino to customer) transactions are to be reported when the total exceeds $10,000 in a 24 hour period.

• Check cashing
• Cashing out of gaming chips or tokens
• Jackpot payouts
• Currency for currency exchanges
• Tournament of other cash payouts
• Any other cash-out transactions

The casino is legally obligated to comply with these regulations. Please keep this in mind if an employee of the casino requests information from you in an effort to comply with the regulations. Your cooperation is greatly appreciated.

Title 31 of the Bank Secrecy Act requires that casinos report cash transactions in excess of $10,000. Whenever transactions between a customer and the casino exceeds $10,000 in cash-in or cash-out in a 24 hour gaming day a Currency Transaction Report (CTR) must be filled by the casino with the Internal Revenue Service. In addition to the amount of the transactions, the CTR must also include:

• Customer name
• Permanent Address
• Social Security Number

The casino must verify your identity via a drivers license, passport or other form of picture ID. The law also requires that all cash-in transactions be aggregated together. In addition, the law requires that all cash-out transactions be aggregated together. Cash-in transactions must be aggregated separately from cash-out transactions.

When an individual conducts a transaction on behalf of another customer, that person is considered an agent and information on both individuals must be records and verified. Casino employees are prohibited from advising customers on how to circumvent Title 31 reporting.

Related links:  WALDEMAR RATZLAF and LORETTA RATZLAF, PETITIONERS v. UNITED STATES - January 11, 1994

Last Update: 10/06/98