(1) The council shall prescribe by rule:(1) Minimum requirements by which each licensee must exercise effective control over its internal fiscal affairs, including, without limitation, requirements for:(A) Safeguarding assets and revenues, including evidence of indebtedness;(B) Maintenance of reliable records relating to accounts, transactions, profits and losses, operations, and events; and(C) Global risk management;(2) Requirements for internal and independent audits of licensees;(3) The manner in which periodic financial reports must be submitted to the council from each licensee, including the financial information to be included in the reports;(4) The type of information deemed to be confidential financial or proprietary information that is not subject to any reporting requirements under this part;(5) Policies, procedures, and processes designed to mitigate the risk of cheating and money laundering; and(6) Any post-employment restrictions necessary to maintain the integrity of sports wagering in this state.
(1) Minimum requirements by which each licensee must exercise effective control over its internal fiscal affairs, including, without limitation, requirements for:(A) Safeguarding assets and revenues, including evidence of indebtedness;(B) Maintenance of reliable records relating to accounts, transactions, profits and losses, operations, and events; and(C) Global risk management;
(A) Safeguarding assets and revenues, including evidence of indebtedness;
(B) Maintenance of reliable records relating to accounts, transactions, profits and losses, operations, and events; and
(C) Global risk management;
(2) Requirements for internal and independent audits of licensees;
(3) The manner in which periodic financial reports must be submitted to the council from each licensee, including the financial information to be included in the reports;
(4) The type of information deemed to be confidential financial or proprietary information that is not subject to any reporting requirements under this part;
(5) Policies, procedures, and processes designed to mitigate the risk of cheating and money laundering; and
(6) Any post-employment restrictions necessary to maintain the integrity of sports wagering in this state.