Let’s say I have 500k in cash from fraudulent activities. It seems like I could just go to a casino and play games in a way that minimises my losses or even, if let’s say I was a big organisation, try to work with some casinos for them to launder my money for a lower fee.
I suppose there are rules in place to prevent this type of activities. But what are they? How is this prevented from happening? It seems like it’s really easy to launder money if I needed to
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Hey! I do this for a small tribal casino, I’m what’s called BSA Compliance Officer. A simplified version is we monitor every transaction, if a guest goes over a certain threshold we start a report on them that goes to the government. If you do this frequently enough we do a background check and you get flagged every time you game. There’s a lot of other things we do, but for the most part it’s observe and report.
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