REGULATION 6A - CURRENCY TRANSACTION REPORTING
VERSION 1 OCTOBER 1, 2000
STATE OF NEVADA GAMING CONTROL BOARD GAMING AUDIT PROCEDURES MANUAL REGULATION 6A - CURRENCY TRANSACTION REPORTING
GENERAL Regulation 6A requires the reporting by casinos of cash transactions in excess of $10,000 conducted by patrons in casinos. 6A MICS require the logging by casinos of certain cash transactions conducted by patrons so that casinos may track and report “multiple” transactions that exceed $10,000 in a 24-hour period. Also, Regulation 6A requires suspicious activity detected by casinos to be reported and includes the prohibition of certain cash transactions. Casinos are not permitted to exchange with a patron cash for cash in excess of $3,000 or issue a check or wire transfer to a patron in exchange for cash in excess of $3,000. Pursuant to Regulation 6A, Nevada nonrestricted licensees with over $10,000,000 in annual gross gaming revenue and over $2,000,000 in table games statistical win are subject to requirements of Regulation 6A and 6A MICS and are referred to as “6A licensees” [Regulation 6A.010(9)]. Other Nevada licensees are subject to U.S. Treasury Department cash reporting requirements for trades and businesses. Below are several resources that should be referred to when completing Regulation 6A related internal audit procedures: Regulation 6A adopted January 1997 effective May 1,1997. Includes definitions. Regulation 6.090 Currency Transaction Reporting Minimum Internal Control Standards (6A MICS) version 3 which required compliance as of May 1, 1997. Includes definitions. CPA 6A MICS Compliance Reporting Requirements version 1 which required compliance as of November 1, 1997. Nevada Gaming Control Board Regulation 6A Newsletter #5 dated April 1, 1997 which answers commonly asked questions regarding complying with Regulation 6A and the 6A MICS. Currency Transaction Report by Casinos – Nevada (CTRC-N) which is the Treasury form required to be completed by licensees for cash transactions exceeding $10,000 conducted by patrons. CTRC-N’s are filed directly with the Treasury. Suspicious Activity Report By Casinos (SARC) which is the Treasury form completed by licensees when the licensee has identified a suspicious transaction conducted by a patron. SARC’s are filed directly with the Treasury with copies sent to the Board. U.S. Treasury’s guidance document related to detecting and reporting suspicious activity within casinos entitled “Suspicious Activity Reporting and Casinos”.
VERSION 1 OCTOBER 1, 2000
PAGE 1 OF 1