western unions, taxes, etc..

[slots]

When you work in a Vegas casino these days, they make you take these "6a" training classes. What you guys are talking about fits right into the cash transaction laws that 6a covers. Many people are aware that any transaction, or combined transaction of 10k in 24 hrs is reportable by a CTR form being filled and the customers ID being required(or any agent involved in the transaction). However, what people often forget is that all transactions over $3000 are LOGGED without the customers being notified(asked for ID etc). If you are a "known patron" your information can go on these logs that are forwarded to the Treasury dept, without anything being said to the customer.
As far a suspecious activity reports, these can be filled out by an employee for almost ANY REASON. If the person behind the counter feels that you are structoring your transactions in any way, the can fill out a SA form without telling you.

If you have any specific 6a questions, Id be happy to answer, since I've taken these classes 8 friggin times!
slots

[JTChicago]

Hello all! I am yet another new member to one of the most informative forums I have ever seen. Thanks to all for sharing their exp. and knowledge.
A little of the subject but I had a quick question about Western Union payouts. Do you guys find it worth it to pay the high fees for requesting a couple of dimes through Western Union? Or are the books picking this fee up for you? Thanks again!

All the luck
All the time

[ShiftySheik]

JT, The player always pays for outgoing WU. Better off taking a check. Slots, Do banks follow the same 6a reporting requirements as casinos? Off topic...What if somebody bought a new car with cash (over 10K). Would the car dealer have to report it?

[Segundo]

To add to slots post, casinos and banks are both required to fill out SAR(C) reports for any, and I mean absolutely any suspicious activity by any of their patrons. And when an institution does not fill out one of these reports for a while they are pressured by upper management into filling one out on ANYONE, just as long as it is done so that they feel they are in compliance with the Treasury Department. Oh, by the way, they have a whole separate department that investigates these infractions and that sets the standards we are reading about; it is called the "Financial Crimes Enforcement Network" FINCEN for short. You should all check this out at www.treas.gov/fincen/

[JohnnyDeMarco]

Nice free country we have huh? I'm glad somebody besides me finally stepped up and said something about "suspicious activity" reports. I want to make it real clear that no western union transaction offshore goes unreported. Even if it is sent to a "individual" instead of a company. Also I found out through my attorney that all bank wires going outbound are subject to be traced. Especially if they are large amounts.

[slots]

Segundo- I have to disagree on one point. There is no pressure to fill out SAR's in general. It's up to the individual employee, and not their supervisor. In fact, most casinos will review the SAR filled out by line employ's by their counsel before submitting them(often deciding not to forward to treasury.). In all my years I have filled out ONE, and that was because the guy was asking me to do something clearly illegal and crazy. Nevertheless, it's very uncommon and not a big deal. No one can tell you that you HAVE to SAR someone, it's the individuals choice based on the facts.

[sportshobby]

Given that Western Union payouts are probably all tracked and traceable, it seems silly to pay the fees and go this route. Just ask for a check, deposit it into your own bank account, keep track of any net winnings and expenses, and pay your taxes.

[Segundo]

slots, you must not have worked at the Mirage or the Las Vegas Hilton. Really though, I was referring to banks.

sportshobby, I could not agree with you more.

slots, I forgot to tell you that the Treasury Dept has a separate department for casinos for financial crimes. Also, these SAR reports are confidential and anyone can fill them out. YOU, slots, could be a supervisor for all I know, but if I were to bet in your casino and let's say that I piss off one of the other supervisors, for whatever reason, he could fill out a SARC report and you would never know about it, neither would I because these reports are confidential and reserved for only the appropriate law enforcement official review.

Johnny, please, any info you have on this and/or any related topic is greatly appreciated and respected.

[Ronbets]

Keep the informative dialog going guys. Very accurate for supposed confidential info "they" dont want you to know.

Yes ShiftySheik, when you prop down over 10k cash for a new car the dealership is under obligation to fill out a currency transaction form under threat of a huge six figure fine(1st offense) for failure to do so.

We can thank all the ******* drug dealers for these infringement on our privacy.

[JohnnyDeMarco]

When I was audited by the IRS in 1996 & 1997 both times a currency transaction report came from the IRS showing money signed for by me at LV Hilton. Money that I won playing black jack. The unfair part of this was that I pulled out about $15,000 of my own money at the tables to either play with or buy chips. The currency transaction report doesn't show that. All it showed was me cashing in for just about 30,000. The bottom line is this. The governement uses the IRS to control all of us. As much as they can anyway. When you get too big where the taxes don't even matter (Bill Gates)they shut you down.

[JohnnyDeMarco]

Reno,
The audits you are talking about happened to me. If I had it to do over, I would do one of two things. Keep better books or leave the good ole USA. My audit killed me.
Almost 1.3 million in taxes owed then add on the 75% penalty and interest and it climbed to almost 3 million. People like us are easy targets for the IRS. We don't shoot people like druggies. Good luck to you. Also, I totally reccommend that you have both a offer & compromise specialist and criminal tax attorney present with you at your meetings.

[Ronbets]

JDM,

I dont think you have your facts straight on your 6a post. During the time frame you stated (96&97) most casinos didnt write up verifiable winnings. What they got you on was your out of pocket cash buys.
Ive been there a few times.

[JohnnyDeMarco]

Ronbets,
I didn't win 30k. They gave me 30k in cash both years and both times a currency transaction report was filled out. I found it amazing that they both showed up at my audit.

[LysanderSpooner]

According to Ronbets, "We can thank all the ******* drug dealers for these infringements on our privacy."

I say that we can thank ******* bet dealers (or bet-tors) like Ronbets, for the police state in which we live.

To paraphrase Father NieMueller, "First they came for the ******* drug dealers, but I wasn't a ******* drug dealer, so I didn't speak up, then they came for the ******* bookies and bettors, but I ..."

[Ronbets]

Lysolspooner,

You r coming on awefully strong Junior!! What type of political activist am I talking to? Your credits in this forum dont seem to be flashing like your fangs.

Listen Junior, I heard from you bleeding heart liberals during and after my stint in SE Asia. Bottom line---you lack intestinal fortitude.

P.S.
If you r going to quote the clergy, make sure you got the right guy and the correct spelling of his name.