You are the one bringing AP's into the mix. Good job.Quote: Neutrino
No I didn't read the article the title alone got me angry enough.
It slams Anyone indirectly who receives a CTR which is obviously APs and High rollers, so no not directly but they are after criminalizing cash.
You want some tweek coffee?
The title of this article makes me furious:
"Vegas shooter had 200+ reports of suspicious activities, large financial transactions in casinos"
They probably claim they meant "Shooter had 200 reports of (SAR+CTR)", but the way they incorrectly used the comma, by the rules of American English, it means "Shooter had 200 suspicious reports -- they are all CTRs"
I saw that as well, but I couldn't imagine someone who writes as well as Nutrino would make that mistake. I don't think he made that mistake, perhaps it inspired him to add in AP's to the mix.Quote: Ibeatyouraces
The only time "AP" was mentioned in the article was a reference to "Associated Press." NOT "Advantage Player."
lol... "failing media..." didn't read the article... hmmm, can't see through that agenda. <close thread>Quote: Neutrino
No I didn't read the article...
Is there anyone who deals with this kind of stuff, on either side of it, that would know what might constitute, "Suspicious activity?" Like, would you file that if a slot player loaded over 10k into a machine, but did not do it all at once and lost a total of over 10k, or would that require a CTR if you knew it happened?
I do the training for CTR's and SAR's for the company I work for so I have some experience with this.
Any cash transactions of $10k or more, excluding jackpots that give a W2G, in a 24 hour period requires a CTR. In your example if a player had bills in of over $10k throughout the day it would require a CTR. It doesn't matter if he put in $100, cashed out, and repeated. If the total in is over $10k it is to be reported. It is difficult to track if they are not using a players card.
I would tell our people to write up a SAR for that just to cover their butts if the amount is $5000 or more. A SAR is not considered accusatory and the law protects the person filing it as long as the report is accurate.