FAQs for Indian Tribal Governments regarding Suspicious Activity Reporting by Casinos and Card Clubs
These frequently asked questions and answers are provided for general information only and should not be cited as any type of legal authority. They are designed to provide the user with information required to respond to general inquiries. Due to the uniqueness and complexities of Indian law and Federal tax law, it is imperative to ensure a full understanding of the specific question presented, and to perform the requisite research to ensure a correct response is provided.
- What is a suspicious activity?
- What are some things that a casino patron does that might be considered suspicious?
- What can casino employees do to recognize or identify suspicious transactions?
- Is a casino required to report suspicious activity?
- Why is the reporting of suspicious activities essential?
- What form is used to report a suspicious activity?
- When is a suspicious activity report required to be filed?
- Is there a dollar criteria for mandatory filing of Suspicious Activity Reports?
- What if a transaction seems suspicious, but it involves less than $5,000?
- What should the casino do if a currency transaction exceeds $10,000 and is suspicious?
- When is the FinCEN Form 102 required to be filed?
- Should multiple reports be filed if more than one suspicious transaction is conducted within a 30-day period?
- Can a casino receive more time to file SARC if it can't identify the suspect on the date the suspicious transaction is detected?
- Is a casino required to file a SARC for a robbery/burglary committed/attempted that is reported to law enforcement authorities?
- What information should a casino use to identify the individual(s) named in a SARC?
- What are some examples of reports that can be used to verify a customer's identify for SARC filing purposes?
- What should be done if the customer is "unknown"?
- Are casinos and their employees protected from civil liabilities when filing suspicious activity reports?
- Can a financial institution notify any person involved in a suspicious transaction that the transaction has been reported?
- Does the Bank Secrecy Act (BSA) require anything else other than the filing of the SARCs and CTRCs?
- Who can a casino contact for help?
- Can a casino provide a copy of FinCEN Form 102 (SARC) to a patron?
For questions regarding tax return account matters, tax deposits or filing requirements, please contact our Customer Account Services staff toll-free at
1-877-829-5500.
Page Last Reviewed or Updated: 2012-08-02
