With a largely transient customer base and cash-centric business model, casinos are on the front lines of the fight against money laundering — but with unique methods of gathering information at their disposal, U.S. regulators are urging them to take full advantage of those tools.
Criminals use a variety of methods to launder money in a casino environment, capitalizing on the lack of the customer identification protocols typically in place at a bank, according to Robert Ashton, tribal gaming agency regulatory manager for the Jackson Rancheria Casino Resort in Jackson, California.
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