All casinos have a duty to maintain compliance with the Title 31 regulations as it is required by FinCEN and the IRS. This commitment starts with prioritizing compliance among the property’s objectives, policies and procedures, and should be implemented through employee training, AML program monitoring and enforcement.
AML training programs are not a “one size fits all.” Building a strong and robust training program should consider the size of the property, the roles and responsibilities of each employee and the method of communication for the required training. The assigned training courses should be completed on a recurring basis to ensure employees are understanding compliance fundamentals and any changes to the gaming laws and regulations to maintain compliance on property.
Self-reporting demonstrates to FinCEN that the property is committed to building a culture of compliance as reporting of completed training is required for all employees. Manual reporting can take a multi-person team to keep track and depends on the coordination and cooperation between various departments within the property.
Vector Solutions for Casinos has an online solution.
Since the gaming industry is unique and requires very specific course content, Vector designed its training to range from required compliance content to professional roadmaps for front-line to executive team members. Vector’s course catalog includes a Title 31 Suite for employee training. The Title 31 Suite training courses are regularly updated to comply with federal training requirements.
Vector Solutions’ learning management system, Vector LMS, is the most user-friendly platform on the market, and allows for automated course completion tracking.
Vector serves over 300 casinos nationwide, including operators such as Boyd Gaming, Jack Entertainment, Choctaw Nation Casinos, Twin River Holdings, Four Winds, Poarch Creek Indians, Desert Diamond, Spokane Casino, Delaware North and Foxwoods Resort Casino.
Request a Demo at www.vectorsolutions.com/industries/casinos