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Old 05-07-2017, 01:00 AM   #26
Join Date: Sep 2016
Posts: 109
Re: Anti-money laundering procedures at MGM National Harbor.

ITT there's a dispute over some definitions. One missing one is MTL, multi-transaction log. An MTL is what causes the casino to self-report the 2-3k amounts. In their eyes, this avoids structuring, so if a patron is trying to avoid a CTR, they can't cash out $3.5k on 3 separate shifts or hop around to different cashier windows / employees to avoid a CTR.

MTLs aren't specifically part of formal fincen regs afaik (having studied this in school about 8+ years ago), but they are standard practices in an effort to comply with gov't regulations.

It shouldn't be this way, but chip cashing practices in terms of calling for verification depend on the action inside a casino. Dumpy casinos or ones where they don't even have $1k chips are going to have their cage employees call to verify $200 in chips whilst the Bellagio main cage will cash an Aria $1k without hesitation.
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