FinCEN Keeps Casinos Logging Suspicious Cash Flows
Published Date: 4/23/2025
Notice
Summary
FinCEN wants to keep the current rules that make casinos collect and keep info like names, addresses, and social security numbers for certain money activities. This renewal won’t change anything but asks for public feedback to keep paperwork fair and clear. Casinos need to keep doing this, and the agency is checking in to make sure it all runs smoothly without extra costs or hassle.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Casinos must keep ID records
Casinos and card clubs must continue to collect and retain, for each deposit, account, or line of credit, the person’s name, permanent address, and Social Security number. FinCEN is proposing to renew these existing information-collection requirements without change and is requesting public comments under the Paperwork Reduction Act of 1995.
Patrons must give SSN and address
If you deposit money, open an account, or receive credit at a casino or card club, the casino must record your name, permanent address, and Social Security number at that time. FinCEN is renewing these collection rules without change and is requesting public comment under the Paperwork Reduction Act of 1995.
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