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#9
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[ QUOTE ]
I don't understand. Couldn't one just cash out $2,500...Walk away, come back in a bit, cash out another $2,500, and repeat and repeat? [/ QUOTE ] Doing this intentionally to avoid financial reporting I've been told is illegal. And the casino is supposed to have procedures in place to prevent this and is actually required to file a different report if they think someone is doing it--there's a separate suspicious activity report they can file regardless of the transaction size. The $3000 limit they use for requiring ID is there just for this purpose so they can better catch people doing multiple cashouts. But regardless of size, they are supposed to try to find and report anyone doing >$10,000 of cash transactions in a day. Dare ya to cash $2500 in chips, turn around and walk to the back of the line, and repeat this 3 more times. [img]/images/graemlins/smile.gif[/img] |
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