(1) Each Licensee shall submit to the Council for approval a description of its AML and regulatory compliance programs, policies, and procedures, including a description of the following:
- (a) Controls for payouts of $10,000 or more;
- (b) The process for identifying the structure of multiple Wagers within a 24-hour period in order to circumvent reporting and recoding requirements; and
- (c) The process for creating a log of Wagers of $5,000 or more.
- (2) Each Licensee shall submit a monthly report to the Council of any violation or non-compliance with the AML compliance program, policies, and procedures; AML laws or regulations; any regulatory compliance program, policies, and procedures; or any law or regulation governing the Licensee in any jurisdiction, including the State of Tennessee. If there is nothing to report, the Licensee does not have to submit such a report.
Authority: T.C.A. §§ 4-49-106, 4-49-110, 4-49-115, 4-49-115(f), 4-49-122, and 4-49-125. Administrative History: Emergency rules filed December 22, 2021 to become effective January 1, 2022; effective through June 30, 2022. New rules filed March 22, 2022; effective June 20, 2022. Amendments filed April 1, 2025; effective June 30, 2025.