Nevada Gaming Control Board advances AML rules for casino operators
Nevada casino compliance officers discussed new anti-money-laundering rules approved by the Nevada Gaming Control Board and Nevada Gaming Commission in April. The rules require Board review of casino AML oversight personnel and player-development employees, and operators must report certain employee separations; a ban on business-entity funding of patron deposits and casino credit takes effect in late October. MGM Resorts’ Stephen Martino said the funding restriction could affect gaming revenue.
Operators must adjust AML oversight and payment controls, with a new funding restriction due in late October.