(a)

1. (1) A book and its employees and agents shall not knowingly allow, and each book shall take reasonable steps to prevent, the circumvention of this part by multiple wagers within its designated twenty-four-hour period with a patron or a patron’s agent or by the use of a series of wagers that are designed to accomplish indirectly that which could not be accomplished directly.
2. (2) As part of a book’s efforts to prevent such circumventions relative to this part, a book shall establish and implement wagering multiple transaction logs.

(b)

1. (1) Each book shall record in a wagering multiple transaction log all nonpari-mutuel wagers in excess of five thousand dollars ($5,000), or in smaller amounts that aggregate in excess of five thousand dollars ($5,000) when any single officer, employee, or agent of the book has actual knowledge of the wagers or would in the ordinary course of business have reason to know of the wagers between the book and a patron or a person who the book knows or has reason to know is the patron’s confederate or agent.
2. (2) This record shall be made for nonpari-mutuel wagers occurring during a designated twenty-four-hour period, within a monitoring area.

(c) Each log entry in a wagering multiple transaction log shall be made by the employee accepting or approving the wager, immediately after accepting the wager, and shall include at a minimum:

1. (1) Description of the patron or agent, which may include such identifiers as age, sex, race, eye color, hair, weight, height, and attire, if the person is present when the wager is accepted;

   1. (A) Patron’s name and agent’s name, if known;
   2. (B) Window number or other identification of the location where the wager occurred;
   3. (C) Time and date of the wager;
   4. (D) Dollar amount of the wager; and
   5. (E) Signature or electronic signature of person accepting or approving the wager; and

2. (2)

   1. (A) One log shall be maintained for each monitoring area, for each designated twenty-four-hour period.
   2. (B) A log is completed for each twenty-four-hour period regardless of whether any nonpari-mutuel wagers occurred.
   3. (C) At the conclusion of each designated twenty-four-hour period, the last entry on a log which is recorded manually shall be an indication that the end of the designated twenty-four-hour period has occurred.
   4. (D) A book shall not implement alternative procedures or records to comply with this subsection without the written approval of the Arkansas Racing Commission.

(e)

1. (1) Before completing a wager that, when aggregated with other wagers pursuant to subsection (d) of this section, will aggregate to an amount that will exceed ten thousand dollars ($10,000), the book shall complete the identification and recordkeeping requirements described in this part.
2. (2) When aggregated wagers exceed ten thousand dollars ($10,000), the book shall complete the recording and reporting requirements of this part.

(g) As used in this section:

1. (1) “Designated twenty-four-hour period” means the twenty-four-hour period ending at midnight each day unless otherwise approved by the commission; and
2. (2) “Monitoring area” means all race book and sports pool writing locations unless otherwise approved by the commission.