# 31 # title

**Title 31 Compliance for Casinos** **Introduction** The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) is responsible for enforcing Title 31 of the U.S. Code, which is the primary federal law that governs anti-money laundering (AML) compliance for casinos. Title 31 requires casinos to: * Identify and verify the true identity of all customers * Report suspicious transactions to FinCEN * Keep records of all financial transactions Casinos that fail to comply with Title 31 can face civil and criminal penalties. **Key Elements of Title 31 Compliance** The following are the key elements of Title 31 compliance for casinos: * **Customer identification and verification:** Casinos must identify and verify the true identity of all customers, including their name, address, date of birth, and Social Security number. This information must be collected at the time of the customer's first visit to the casino and updated as needed. * **Suspicious…

**What is Title 31 Casino?** Title 31 of the United States Code is a section of the United States Code that contains laws related to financial institutions. It is also known as the Bank Secrecy Act (BSA). The BSA was enacted in 1970 to combat money laundering and other financial crimes. **What are the requirements of Title 31 for casinos?** Casinos are required to comply with the requirements of Title 31, which include: * **Keeping records of all cash transactions over $10,000.** * **Reporting suspicious activity to the Financial Crimes Enforcement Network (FinCEN).** * **Implementing anti-money laundering programs.** **How do casinos comply with Title 31?** Casinos can comply with Title 31 by: * Using a casino cashiering system that tracks all cash transactions. * Having a written anti-money laundering program that is approved by FinCEN. * Training employees on how to identify and report suspicious activity. **What are the consequences…