Several years ago the Gaming Law Section of the State Bar of Nevada created a BSA conference focused exclusively on casinos and gaming. This conference, the only one-day BSA/AML conference dedicated exclusively to casinos, provides key insights into the ever evolving world of criminal and civil enforcement of the BSA as it relates to casinos. McGuireWoods associate Jeffrey Hanna spoke on the panel "Know Your Customer and Source of Wealth: Challenges of Third Party Transactions & Foreign Patrons." Past keynote speakers have included the FinCEN Director and Chief of the U.S. Department of Justice's Asset Forfeiture and Money Laundering Section.
Bank Secrecy Act (BSA) and its regulations require financial institutions, such as casinos, to detect and report suspicious activity and transactions in currency. These reports aid law enforcement in the detection and disruption of terrorist financing and the laundering of illicit profits, e.g. from trafficking in arms or illegal narcotics. A foundation of a casino’s anti-money laundering compliance program is the ability to identify and learn about casino customers to make judgments on whether information obtained requires reporting.
For more information and registration, please click here.