Amendments to the Bank Secrecy Act Regulations Regarding Reporting and Recordkeeping Requirements by Casinos

概要

The Bank Secrecy Act authorizes the Secretary of the Treasury to require financial institutions to file reports and keep records that the Secretary determines have a high degree of usefulness in criminal, tax, and regulatory matters. The Secretary has designated certain casinos as ``financial institutions'' for purposes of the Bank Secrecy Act. Treasury issued a final rule amending the particular reporting and recordkeeping requirements on these casinos on March 12, 1993, in the Federal Register, 58 FR 13538-13550, and delayed its effective date on August 27, 1993, in the Federal Register, 58 FR 45263. This final rule further delays the effective date until December 1, 1994.