Quote:
Originally Posted by dinesh
While it is true you can't warn him about the reporting, you ostensibly could warn him that he is going to be banned if he continues, because the banning is just a business decision, not a FinCEN requirement...I think, anyway.
Though I'm not sure what you would say if he asked why, since you can't tell him the real reason why. I suppose you could just lie to him and say it's because he's causing too much work for the cashiers. But at that point why bother, much easier and cleaner just to ban him with no warning.
Aside: I wonder if FinCEN actually prefers that you not ban people doing suspicious things, since banning them just makes them move on somewhere else where FinCEN may not have as easy a time tracking them.
I also get anti-money laundering training yearly.
1. The law is the Patriot Act, originally passed shortly after 9/11 in 2001. With the mood of the country at that time, it was deliberately harsh and unforgiving.
2. There's a list of people who aren't allowed to do any transactions that is kept by the government. If the OP is banned by a bunch of banks, it is likely he got himself on that list. Therefore, it is a FinCEN decision. The casino can't do business with him without being subject to massive fines and employees facing serious jail time. The casino has no choice in the matter. Which is why appealing to the casino is useless. The OP will have to go to government to ask to be taken off the list.
3. Casinos are considered high risk for money laundering. They get lots of extra attention from the government.
4. By law, you can't tell someone why their business is declined. Nor can you "warn" them that their action might be considered a suspicious activity.
5. It isn't a criminal investigation. Once you're on the list, you're presumed guilty which is why they won't let people continue to exchange money.