CTRs on $10k+ total buy-in

I was recently was tapped on the shoulder by a PC. Not a backoff, though - I was asked to produce my ID and to give my SS# because my total buy-in for the day exceeded $10k and the casino needed to file a CTR. This was true - I had just pulled $1k out of my wallet for the 11th time that evening (some bad variance to start the evening -- I actually finished ahead $5k).

This was a semi-sticky situation, since I was playing using an alias.

I have bought in for $10k+ at casinos in the past, and this is the first time a casino has ever enforced the CTR requirement in this manner. Has this happened to anybody else with a $10k+ buy-in (in a 24 hr period)? Is it a common practice? Should I avoid buying in for $10k+ in the future? This could pose a problem (and limit my hours of play in some places), since it is not that unusual for me to (win or) lose $10k in an hour or two. Of course, winning $10k doesn't pose the same problem because I'm not stupid enough to try to cash out $10k in one visit to the cage.

Any cash transation with 24hrs requires a CTR. It has happened to me.

You are correct about winnings. If you are winning alot just go to another casino to avoid any possible issues.

I would would not want to give false ID for a CTR.

Wantabe

I am certainly aware that it's the law, and I would expect to be asked to prepare (or assist the casino in preparing) a CTR if I collected $10k+ at the cage in a single transaction. I was caught off guard, however, that a total buy-in, made in several installments at several different gaming pits in a large casino, would trigger the CTR. My interest is in determining how common this practice is. From my own personal experience, it seems to be rare, since I am certain I have bought in for $10k+ at a single casino within 24 hours on a number of different occasions, and the CTR thing only happened to me once.

I think this is the only time you were told that a CTR is being filed. It is possible in the other occasions a CTR was filled without telling you if the casino had your information in file. It is also possible that your buy in in the other casinos were divided among 2 days of gaming activities. CTR is for buy in or out in a gaming day as defined by each casino and not any 24 h period. The casino try to collect ID information once your buy in or out exceeds 3K. So, I think that your prior experience was the exception and not the rule.

My experience is that most casinos do not stricly enforce the CTR rules. I can think of two casinos that watch closely your transaction amounts (Barona in CA and Horseshoe in Tunica). Once you hit the $10,000.00 transaction point, you must provide your SSN. It would be an extremly bad idea to provide this using an alias. The $10,000.00 CTR rule applies to any transactions totaling $10,000.00. This means simply buying in at $10,000.00. Since the Patriot Act became law, casinos now must follow a stricter set of guidlines. They are supposed to ask for ID if you make several transactions of $3,000.00 or more. The Patriot Act places a burden on the casinos to be aware of individuals who may be guilty of "diversion of funds". The casinos are reuired to file a suspicious activity report if they have reason to believe an individual is making several transactions to avoid the $10,0000.00 rule. To file this report they are allowed to ask for your ID but not SSN. I have ran into this situation several times at MGM properties in Vegas. To answer your question the short way, since the Patriot Act passing I have been pressed for info more often.