Casinos that rarely share information about their anti-money laundering efforts have more reason to collaborate, albeit in a fairly circumscribed way, in the wake of guidance issued Wednesday by the Financial Crimes Enforcement Network, experts told ACAMS moneylaundering.com. The 3-page guidance affirms that a casino may share a suspicious activity report, or SAR, with the compliance staff of its parent company as well as with certain staff at an affiliate casino in an effort to boost enterprise-wide risk management. The announcement may spur more cooperation between those casinos that share an owner, experts said. Improved sharing among affiliates could have...
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