Northern California's Stones Gambling Hall scam long before Michael Postle.

[desertrunner]

True story- About over 2 years ago, I was talking with a random stranger who turned out to work security at Stones. He told me (then) one of the biggest security issues at Stones was money laundering. I was like- WTH, but also found it interesting, he was casual about it like "no big deal". The scam is rather easy- bring in dirty money like 10k, buy chips, go play a table game for a short session of two hands and then cash out about most of the 10k in new clean cash from the cage.

To me, I question if this is really illegal or how can you press this as a crime? I can understand if its a pattern over time and you catch the same person or people doing it, but it seems like a really quick and easy way to launder money?

Any insight or opinion on this?

Quick Google yields-

Hawaiian Gardens, California: The Money Laundering Capital of the World

Northern California Casino Penalized by FinCEN for Ignoring Anti-Money Laundering Laws

[JSTAT]

True story- About over 2 years ago, I was talking with a random stranger who turned out to work security at Stones. He told me (then) one of the biggest security issues at Stones was money laundering. I was like- WTH, but also found it interesting, he was casual about it like "no big deal". The scam is rather easy- bring in dirty money like 10k, buy chips, go play a table game for a short session of two hands and then cash out about most of the 10k in new clean cash from the cage.

To me, I question if this is really illegal or how can you press this as a crime? I can understand if its a pattern over time and you catch the same person or people doing it, but it seems like a really quick and easy way to launder money?

Any insight or opinion on this?

Quick Google yields-

Hawaiian Gardens, California: The Money Laundering Capital of the World

Northern California Casino Penalized by FinCEN for Ignoring Anti-Money Laundering Laws

I reported on a Northern California card club getting busted by the Feds in 2011. It was Artichoke Joe's in San Bruno.

[desertrunner]

Druff- Your take?

[Dan Druff]

Money laundering is super common at poker rooms because of how easy it is to do, especially if floormen can be tipped to look the other way.

Eventually the government figures this out and clamps down, hence the various busts that have occurred over time. It seems like this is especially prevalent in California, for some reason.

[Cerveza Fria]

In Florida, it's a lot more simpler to do. All one needs to do feed $$$ into a slot machine. Cash out the printed ticket. Take it to a kiosk that pays out cash. They are all over the casino. No ID needed. No human interaction. If you take it to the cashier window they will ask for ID for cash outs over a certain amount.

[desertrunner]

In Florida, it's a lot more simpler to do. All one needs to do feed $$$ into a slot machine. Cash out the printed ticket. Take it to a kiosk that pays out cash. They are all over the casino. No ID needed. No human interaction. If you take it to the cashier window they will ask for ID for cash outs over a certain amount.

Damn. Pretty common, like weekly basis I assume?

[Cerveza Fria]

In Florida, it's a lot more simpler to do. All one needs to do feed $$$ into a slot machine. Cash out the printed ticket. Take it to a kiosk that pays out cash. They are all over the casino. No ID needed. No human interaction. If you take it to the cashier window they will ask for ID for cash outs over a certain amount.

Damn. Pretty common, like weekly basis I assume?

If they do it weekly, nobody will think anything. They will just think they are a regular.

[130IQ Hustler]

In Florida, it's a lot more simpler to do. All one needs to do feed $$$ into a slot machine. Cash out the printed ticket. Take it to a kiosk that pays out cash. They are all over the casino. No ID needed. No human interaction. If you take it to the cashier window they will ask for ID for cash outs over a certain amount.

You lack an understanding of Title 31 and the US Treasury’s Financial Crimes Enforcement Network: violations of Bank Secrecy Act and failures to file SARs and CTRs, etc. The US Treasury do not play games and casinos are being audited.

https://www.govinfo.gov/app/details/...21-210/summary

[Cerveza Fria]

In Florida, it's a lot more simpler to do. All one needs to do feed $$$ into a slot machine. Cash out the printed ticket. Take it to a kiosk that pays out cash. They are all over the casino. No ID needed. No human interaction. If you take it to the cashier window they will ask for ID for cash outs over a certain amount.

You lack an understanding of Title 31 and the US Treasury’s Financial Crimes Enforcement Network: violations of Bank Secrecy Act and failures to file SARs and CTRs, etc. The US Treasury do not play games and casinos are being audited.

https://www.govinfo.gov/app/details/...21-210/summary

Actually, I have a pretty good understanding of the laws and rules with regard to Money Laundering. Every year, I must take Anti-Money Laundering CE as part of my various professional license requirements. I know what Banks, Financial Institutions and Casinos have to do for compliance. There are many ways to do so, without raising suspicion. All I did was point out a gap in the system, one that still exists today. The gap could be closed simply by not allowing the Kiosks to pay out more than a certain $$$ amount. Yet it never has been done. You might say there are cameras in or around these Kiosks, but masks shades and hats and hoodies take care of that.