Just Released: FinCEN Statement on Enforcement Involving a Compliance Program Failure


“If you think compliance is expensive, try non-compliance.” Former U.S. Deputy Attorney General Paul McNulty

Last week, FinCEN released a statement on enforcement to advise casinos on how to stay compliant within the BSA regulations. The document includes background details on their enforcement approach and the factors that FinCEN may find that could affect your casino. This includes:

 “Pillar violations” would include the lack of one or more required elements of an AML program. Although AML program requirements may vary among categories of financial institution, all financial institutions that are subject to AML program requirements must implement a set of internal controls, conduct training and independent testing, and designate one or more individuals to assure day-to-day compliance with the BSA. See, e.g., 31 C.F.R. § 1022.210 (AML program requirements for money services businesses).

A critical piece in the Six-Pillars of your AML Compliance Program is training. Given the current landscape, an online training program is a perfect solution to ensure your team is maintaining appropriate compliance. Casino Essentials proudly serve over 300 casinos nationwide. Since the gaming industry is unique and requires very specific course content, we designed our training to range from required compliance content to professional roadmaps for frontline to executive team members.

Casino Essentials is Here to Help!

Casino Essentials’ online AML training is trusted by Boyd Gaming, Jack Entertainment, Choctaw Nation Casinos, Twin River Holdings, Four Winds, Poarch Creek Indians, Desert Diamond, Spokane Casino, Delaware North, & Foxwoods.

Our learning management system, CELEXA, is the most user-friendly platform on the market, and allows for automated course completion tracking. If your casino is ever being audited, CELEXA’s easy to use reporting dashboard allows for training history to be pulled at a moment’s notice.

Our course catalog includes over 150 curated casino training courses and an additional 5,000+ courses available through our parent company, Vector Solutions, a leader in eLearning and performance support solutions for the world’s most critical industries.

If you’re interested in learning more Casino Essentials and our services please feel free to Request a FREE Demo!

Any AML Compliance Officer, Compliance Committee Member, or casino executives should read the Financial Crimes Enforcement Network (FinCEN) Statement on Enforcement of the  Bank Secrecy Act.

CLICK HERE to read more!

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