Cal. Code Regs. Tit. 4, § 12315 - Records and Reports of Monetary Instrument Transactions for Cardroom Business Licensees

(a) A cardroom business licensee is required to file a report of each transaction involving currency in excess of $10,000, in accordance with section 14162(b) of the Penal Code.

(b) A cardroom business licensee, regardless of gross revenue, must make and keep on file at the gambling establishment a report of each transaction in currency, in accordance with sections 5313 and 5314 of Title 31 of the United States Code and with Chapter X of Title 31 of the Code of Federal Regulations, and any successor provisions. These reports must be available for inspection at any time as requested by the Bureau.

(c) Nothing in this section will be deemed to waive or to suspend the requirement that a cardroom business licensee make and keep a record and file a report of any transaction otherwise required by the Bureau or the Commission.

Notes

Cal. Code Regs. Tit. 4, § 12315

1. New section filed 2-2-2015; operative 7-1-2015 pursuant to Government Code section 11343.4(b)(2) (Register 2015, No. 6).
2. Amendment of section heading and section filed 12-12-2020; operative 1-1-2021 pursuant to Government Code section 11343.4(b) (Register 2020, No. 51). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.

Note: Authority cited: Sections 19811, 19824 and 19841, Business and Professions Code. Reference: Section 19841, Business and Professions Code.

1. New section filed 2-2-2015; operative 7-1-2015 pursuant to Government Code section 11343.4(b)(2)(Register 2015, No. 6).
2. Amendment of section heading and section filed 12-12-2020; operative 1/1/2021 pursuant to Government Code section 11343.4(b) (Register 2020, No. 51). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.