Software supplier and consultant NEWave has announced that “dozens” of new tribal casinos are signing contracts for the company’s myCompliance software, which helps tribes comply with Title 31 requirements.
Title 31 is a key component of NEWave’s myCompliance suite. The solution logs financial transactions from all potential sources as they happen, and ensures Title 31 reports and forms (SAR-C, CTR-C) are generated and properly e-filed. It completes the process by digitally storing files for reliable, quick and secure retrieval.
“We instantly realized that NEWave’s Title 31 software was what we had been missing in our daily operations,” said Ruth Ritchie, cage and vault director for California’s Tachi Palace Hotel & Casino, which added the software in May. “The installation was well organized and smooth, the software is very easy to use, and we immediately achieved a more streamlined approach to our business, saving a volume of labor hours. Additionally, we gained added confidence that all transactions are being recorded in real time.”