Regulatory Management Counselors, P.C., Resort Advantage and Convey Compliance Systems, Inc. are presenting a free series on the Bank Secrecy Act, the Office of Foreign Asset Control and the Fair and Accurate Credit Transactions Act. The three parts are titled: "BSA, OFAC and FACTA-They're Not Mutually Exclusive and Your Compliance Plan Shouldn't Be Either"; "Compliance FAQs: What Others in the Gaming Industry Are Asking"; and "You Think Your Casino Is Compliant-Will an IRS Auditor Agree?"

"Recent experiences working closely with compliance and audit department leaders at large and small, tribal- and corporate-run casinos clearly indicate that there are misunderstandings and even confusion regarding adherence to certain FinCEN and IRS regulations within their properties' anti-money laundering programs," said Brian Ferrilla, managing director of Resort Advantage. "For example, current and pending guidance presented regarding OFAC, FACTA, Red Flags, and patron identity confirmation can leave one with many questions as to the acceptable processes to follow and what the limits are in obtaining and retaining patron personal information."

"A comprehensive approach to these critical issues is needed to assure compliance," said attorney David Waddell, president of Regulatory Management Counselors, P.C.  "Our goal with this seminar series is to provide casino operators with the knowledge needed to verify that their existing procedures meet all the technical requirements."

The first webinar was held February 25. For more information on how to register for subsequent sessions, call 800-317-5475 or visit Resort-advantage.com.

By Staff