Feds: Casinos Must Track Pot Business Owners, Workers At Game Tables

COLORADO:  Colorado’s 40 casinos — and hundreds of others, including in the gaming mecca in Las Vegas — are bound by the same money-reporting rules that have made banks reluctant to let legal marijuana businesses open bank accounts, federal authorities now say.

That means casinos can keep anyone associated with legal weed enterprises — from dispensary to grow operations — away from gaming tables anywhere in the country.

And if they do allow them to play, casinos must file the same suspicious activity reports banks must file whenever they handle money derived from pot profits, according to the Financial Crimes Enforcement Network, a division of the U.S. Department of the Treasury.

Because the government says casinos are financial institutions, like banks, they must have stringent anti-money-laundering programs in place.

 

Read full article @ The Denver Post