the 3000 transaction post that was on bjfonline.i thought they filed paperwork at 10k or more.why does it say at 3k they have been doing this.i never had anyone ask me to sign anything when i lost 3k.is this done w/o our knowledge and if the new law passes what will it mean for us.can someone explain all this legal mumbo jumbo.
Pat, you are confusing CTRC's (Cash Transaction Report by Casino) and SARC's (Suspicious Activity Report by Casino). The snippets in my post at BJFonline were in reference to the latter.
Currently major casinos are required (by Nevada) to file a report if they deem the actions of anyone moving over $3k/day "suspicious". The new proposal will raise this to $5k/day, the limit currently imposed by the feds. On the downside, the new proposal takes away the discretion that casino execs have, and requires them to file a report on anyone that has been brought to their attention by the pit for being even the least bit "suspicious".
One more point that may be of interest, CTRC's are not only filed for $10k/day transactions, but also for any transaction of $2500 or more at one time.
ANS
ps: I should still have your e-mail, I'll send you some more info that may be of interest.
if you lose 300,double for 600,another 500... and you reach 2500 do they file.Do the casinos need your signature or do they do it own their own if they have you players card.this is news to me.
