Software supplier NEWave announced that its Title 31 Manager software, which ensures compliance with FinCEN anti-money laundering guidelines, has been installed at a St. Louis-area casino. (The company did not identify the casino.)
Title 31 Manager is one module of NEWave’s award-winning myCompliance Manager software suite. Title 31 Manager keeps casinos in compliance by completing, filing and archiving forms required to comply with FinCEN Title 31 anti-money laundering requirements.
Additionally, the software provides real-time tracking for cash transactions, check transactions with the slot system and outside third-party check cashing suppliers, as well as consolidation of all audits and creation of the CTR, SAR, W/9 and W/8 and electronic filing.
NEWave also announced it has installed several modules of its myCompliance Manager software suite at Agua Caliente Casino Resort Spa in Rancho Mirage, California, and at Spa Resort Casino in Palm Springs, California.
Agua Caliente Casino Resort Spa and at Spa Resort Casino are owned and operated by the Agua Caliente Band of Cahuilla Indians. NEWave installed its Title 31 Manager, Tax Form Validator, eFile IRS, OFAC and TINCheck software at both properties.
Agua and Spa Director of Cage & Credit Karen Woodruff said, “As the director of cage and credit for both properties, NEWave has taken the cage to a new level. The process for the guest has been made simple. We only have to ask once for the credentials and the NEWave program automates the rest. Accumulative transactions are compiled for reporting in the gaming day. Exceptions are a thing of the past. We are excited for this innovative product at our properties.”