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AxelWolf
AxelWolf
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ams288
October 4th, 2017 at 6:15:26 AM permalink
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?

You are the one bringing AP's into the mix. Good job.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
DJTeddyBear
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October 4th, 2017 at 6:45:21 AM permalink
I bet most (all?) of the suspicious activity was cash structuring to avoid a CTR.
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition.
ThatDonGuy
ThatDonGuy
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October 4th, 2017 at 6:55:02 AM permalink
Quote: Neutrino

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"


By the "rules of American English," isn't that a sentence fragment?

I disagree with the interpretation. In fact, it could also be read as all 200 reports being "suspicious activities"
Ibeatyouraces
Ibeatyouraces
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October 4th, 2017 at 6:57:34 AM permalink
The only time "AP" was mentioned in the article was a reference to "Associated Press." NOT "Advantage Player."
DUHHIIIIIIIII HEARD THAT!
Mission146
Mission146
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October 4th, 2017 at 7:07:05 AM permalink
That article doesn't actually say anything though, does it?

It refers to, "Suspicious activity," in the title and once or twice throughout the rest of it, but never does it say what that, "Suspicious activity," might have been. As mentioned, it could have been structuring in an effort to avoid CTR's, but I'm not sure why that would be when the article says, "Most were CTR's." It doesn't seem like the guy was afraid of drawing a CTR if, "Most," of the, "Over 200," reports were CTR's.

It's a click bait headline, with the comma basically standing for, "And." He had over 200 reports of Suspicious Activities AND CTR's, which the article then goes on to say were mostly CTR's.

The article says, "Some," of the reports were suspicious activities. That word effectively just means, "More than one." It could be two, four, nine, twenty-seven. It says, "Most," were CTR's, which means, "More than half." 98% could be CTR's, 51%, 72%, again, the article effectively doesn't say anything.

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?

What if a player took out a cash advance or marker and then immediately left the property, would that constitute, "Suspicious activity?" I would look at it as potentially, but not necessarily, suspicious. It seems that this guy had access to some pretty substantial casino credit, so maybe that was the source of one or more reports? Took out a 20k marker, then left the property immediately after. Granted, it would probably be to go to another casino, but is that something you would think a record would be kept of?

That's my point. The writer of the article doesn't know much more than I know, but the title of the article makes it sound like this guy was constantly doing, "Suspicious activity." It also links CTR's to, "Suspicious Activity," and CTR"s are the exact opposite of suspicious if one is a high-roller.

It's just an eye-catching title. All sound and fury signifying nothing.
Vultures can't be choosers.
AxelWolf
AxelWolf
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October 4th, 2017 at 7:11:04 AM permalink
Quote: Ibeatyouraces

The only time "AP" was mentioned in the article was a reference to "Associated Press." NOT "Advantage Player."

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.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Romes
Romes
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October 4th, 2017 at 7:20:09 AM permalink
Quote: Neutrino

No I didn't read the article...

lol... "failing media..." didn't read the article... hmmm, can't see through that agenda. <close thread>
Playing it correctly means you've already won.
DRich
DRich
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Mission146MaxPen
October 4th, 2017 at 7:48:45 AM permalink
Quote: Mission146


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



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.

"What if a player took out a cash advance or marker and then immediately left the property, would that constitute, "Suspicious activity?" I would look at it as potentially, but not necessarily, suspicious. "

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.
DJTeddyBear
DJTeddyBear
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October 4th, 2017 at 8:24:38 AM permalink
The only thing suspicious about an SAR is the first word.

Unfortunately, too many media people don't understand that.
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition.
Mission146
Mission146
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October 4th, 2017 at 9:17:21 AM permalink
Quote: DRich

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 definitely appreciate your response, given that you speak from both authority and experience!

When you say, "Bills," that means in terms of actual cash money in and out, right? is it safe to assume that tickets would not count towards that? I'm just curious because even my low-rolling butt has probably transferred tickets totaling $10,000 over the course of 24 hours, and I've never been asked to fill our a CTR.

Quote:

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.



Thank you, that was precisely the answer I was looking for and expected.

In other words, an SAR does not, in and of itself, actually mean anything other than an employee found that it could be reasonably necessary to fill out such a report. It doesn't mean, or necessarily do anything to indicate, that a person has committed any sort of wrongdoing whatsoever.

Again, the article (especially the title) signifies absolutely nothing. It's a click bait fluff piece that delivers nothing, in and of itself, of any great meaning or import lacking any further specifics.
Vultures can't be choosers.

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