Free Forum - Suspicious Activity Reports

Posts count: 111

Topics count: 10

Nov 28, 2021, 1:52:55 PM

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If I have a big win of over $5,000 but under $10,000 at one casino and cash it all out, and then go to a different/sister property a few days later, experience another big win, and cash out a similar amount of money, will those 2 transactions compel the casino company to file a suspicious activity report, since both transactions combined equal greater than 10k?

Gronbog

Posts count: 153

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Nov 28, 2021, 2:43:10 PM

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First of all the $10,000 threshold is for a CTR which is a Cash Transaction Report. There's nothing suspicious about it.

To answer your question, no, a CTR will not be generated in that case.

The Stereotypical Card Counter

Posts count: 111

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Nov 28, 2021, 4:10:31 PM

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First of all the $10,000 threshold is for a CTR which is a Cash Transaction Report. There's nothing suspicious about it.

To answer your question, no, a CTR will not be generated in that case.

by: Gronbog

I was asking if a casino company would consider my 2 separate cashouts at 2 different casino a possible structuring attempt.

Gronbog

Posts count: 153

Topics count: 2

Nov 28, 2021, 5:53:45 PM

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Not if you won each cash out separately.

Gustav Shoes

Posts count: 1270

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Dec 3, 2021, 10:38:55 PM

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The 10k rule is within a 24 hour period. The period is not necessarily Midnight to midnight, it's the individual casino's reporting period.

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