Re: [vpFREE] Unusual action performed at Bally

A currency transaction report or CTR is required for cash transactions
in the amount of $10K and above. So at first glance it might seem
unreasonable for them to ask for ID unless you present tickets/chips
totalling $10K or more.

However, it is a crime ("structuring") to split up what would otherwise be
a $10k+ plus transaction into multiple smaller transactions for the
purpose of avoiding a CTR. So I am not sure how much of this is an actual
legal requirement, but I have the impression that the casinos are at least
strongly pressured to start keeping track of transactions at much lower
levels like the ~$3k range, so that if you later make a couple more
transactions (even innocently without intent to evade the requirement)
they can still know to fill out a CTR at the appropriate time.

If you refuse to show ID or a players card they'll probably just write
down an approximate description, guess your height/weight etc. (one time a
cashier didn't even ask me for ID or a card, which I would have willingly
provided, but when she wrote down an estimated height/weight I objected
because she was off by 10 pounds :-) )


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Posted by: Lone Locust of the Apocalypse <zorak@ninthbit.com>
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vpFREE Links: http://www.west-point.org/users/usma1955/20228/V/Links.htm


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