Additional records to be made
and retained by casinos - 31 CFR 1021.410
Extension without change of a currently approved collection
No
Regular
07/31/2025
Requested
Previously Approved
36 Months From Approved
07/31/2025
2,183,460
216,986
118,863
128,637
0
0
Pursuant to 31 CFR 1021.410(a), with
respect to each deposit of funds, account opened, or line of credit
extended, a casino is required to secure and maintain a record of
the name, permanent address (address), and Social Security number
(SSN) of the person involved at the time the funds are deposited,
the account is opened, or credit is extended. Where the deposit,
account, or line of credit is in the name of two or more persons,
the casino must secure the name, address, and SSN of each person
having a financial interest in the deposit, account, or line of
credit. The casino is required to verify the name and address of
such person(s) at the time the deposit is made, the account is
opened, or credit is extended, by the examination of a document as
described in 31 CFR 1010.312. The specific identifying information
relied upon must be recorded by the casino in the manner described
in 31 CFR 1010.312. If a casino is unable to secure the required
SSNs, the casino will not be deemed to be in violation of 31 CFR
1021.410 if the casino has made reasonable efforts to secure the
SSNs, and it maintains a list of the names and addresses of those
persons from whom the casino was unable to obtain the SSNs.
Pursuant to 31 CFR 1021.410(b), casinos must retain either the
original or a copy of each of the following: (1) a record of each
time the casino receives funds for credit to, or deposit into, any
person’s account, including the name, address, and SSN of the
person from whom the casino receives the funds, the date of receipt
of the funds and the amount received; (2) a record of each
bookkeeping entry made to a customer’s deposit or credit account
with the casino; (3) each statement, ledger card, or other record
of each deposit or credit account with the casino, showing each
transaction in or with respect to a customer’s account with the
casino; (4) a record of each extension of credit in excess of
$2,500, the terms and conditions of each such extension of credit,
and repayments, and the customer’s name, address, SSN, and the date
and amount of the transaction (including repayments); (5) a record
of each advice, request or instruction received or given by the
casino with respect to a transaction involving a person, account,
or place outside the United States; (6) records prepared or
received by the casino in the ordinary course of business that
would be needed to reconstruct a person’s deposit or credit account
with the casino or that would be needed to trace a check deposited
with the casino through the casino’s records to the bank of
deposit; (7) all records, documents, or manuals required to be
maintained by a casino under state and local laws or regulations,
and regulations of any governing Indian tribe or tribal government;
(8) all records which are prepared or used by a casino to monitor a
customer’s gaming activity; (9) a separate record containing a list
of each transaction between the casino and its customers involving
the following types of instruments having a face value of $3,000 or
more: (i) personal checks; (ii) business checks; (iii) official
bank checks; (iv) cashier’s checks; (v) third-party checks; (vi)
promissory notes; (vii) traveler’s checks; and (viii) money orders;
(10) a copy of the compliance program described in 31 CFR
1021.210(b); (11) for card clubs only, records of all currency
transactions by customers, including, without limitation, records
in the form of currency transaction logs and multiple currency
transaction logs, and records of all activity at cages or similar
facilities, including cage control logs. Pursuant to 31 CFR
1021.410(c), casinos that input, store, or retain, in whole or in
part, for any period of time, any record required to be maintained
by by 31 CFR 1010.410 or 31 CFR 1021.410 on computer disk, tape, or
other machine-readable media must retain those records in the same
format.
US Code:
31
USC 5311 Name of Law: Money and Finance
Since the 2022 renewal, FinCEN
has revised its assessment of the time necessary to conduct the
tasks associated with this renewal. FinCEN has reduced its estimate
of total annual burden by 9,774 hours, specifically, from the
128,637 hours previously estimated in 2022 to 118,863 hours upon
this renewal in 2025. This decrease reflects FinCEN’s incorporation
of additional data and information that was unavailable at the
prior renewal. At the time of the 2022 renewal, FinCEN lacked data
on the number of certain types of covered casinos (specifically,
card clubs), casinos’ annual volumes of covered transactions, and
their rate of technological adoption. As a result, in the 2022
renewal, FinCEN considered it the most prudent approach to apply a
higher uniform estimate of the requisite recordkeeping burden
hours. FinCEN has since updated its estimation methodology
(including the hourly burden for select recordkeeping tasks, as
discussed in the 60-day notice) to better align estimates of
incremental burden with current market practices. The decrease in
the estimated incremental burden reflects a decrease in the
estimated burden stemming from maintaining customer information (31
CFR 1021.410(a)) and maintaining records of other covered
transactions (31 CFR 1021.410(b)(1)-(9) and (c)(1)-(2)). FinCEN has
applied data from SARs to more accurately estimate the annual
volume of these transactions. FinCEN has also decreased its
estimate of the documentation burden for cash transactions at card
rooms (31 CFR 1021.410(b)(11)). FinCEN notes that most card rooms
do a significant portion of their business in cash, as evidenced by
analysis of their CTR filings, and consequently FinCEN revised its
estimates of the number of transactions that engender recordkeeping
activity upwards. However, because recordkeeping is now
predominantly conducted using digital technology in the ordinary
course of business, FinCEN is reducing its incremental burden
estimate per record to two minutes per transaction on average.
Finally, FinCEN is aligning the burden estimates for 31 CFR
1021.410(c)(1) and (2) with its analogous updates in OMB control
number 1506-0051, which removed an incremental burden estimate for
maintaining electronic or digitally generated records, and the
materials necessary to navigate those records, in the same format
in which they were originally created.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.
1506-0054 Casino Recordkeeping Supporting Stmt 7_8_2025 FINAL.docx
31 CFR 1021.410(c)