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For Immediate Release:  
For Further Information Contact:
September 19, 2005

Office of The Attorney General
- Peter C. Harvey, Attorney General
Division of Gaming Enforcement
- Thomas Auriemma, Director

 

Chuck Davis
609-777-2403

 

Notice of Proposed Rules
Date of Proposal: Sept. 19, 2005
Proposal Number: 2005-341

Proposal Summary:
N.J.A.C. 13:69, Suspicious Transaction Reporting by Casino Licensees, is scheduled to expire on October 16, 2005. By filing this notice of proposed readoption prior to October 16, 2005, the chapter expiration date has been extended for 180 days to April 14, 2006. See N.J.S.A. 52:14B-5.1c. N.J.A.C. 13:69 was originally adopted by the Director of the Division in 2000. Se 32 N.J.R. 3869(b). Since that time, the Director of the Division has continued to review and update its provisions. In specific, a set of amendments was adopted effective July 5, 2005. See 37 N.J.R. 2552(a). The main object of these amendments was to achieve an additional level of reporting on currency transactions involving or aggregating $200,000 or more in a gaming day. See N.J.A.C. 13:69-1.7. The balance of the amendments were nonsubstantive or involved the codification of existing practices relative to Suspicious Activity Reports by Casinos (CTRCs). See N.J.A.C. 13:69-1.6. The Director has reviewed the chapter and determined the rules to be necessary, reasonable and suitable to the intended purpose. This chapter is proposed for readoption at this time without further amendment. The Casino Control Act (ACT), P.L. 1999,c.352, N.J.S.A. 5:12-129.1 et seq., requires casino licensees to report suspicious transactions involving or aggregating at least $5,000 to the Director of the Division of Gaming Enforcement (Division). The rules promulgated thereunder at N.J.A.C. 13:69 amplify the definition of a suspicious transaction and create a regulatory framework for reporting same.

The proposal appears in the Sept. 19, 2005, edition of the New Jersey Register.

Text of Proposal:
A complete copy of the Notice of Proposed Readoption is posted on the Office of the Attorney General Web site at: www.nj.gov/oag/rules/oag/rp041018a.htm

Public Comment:
Public comment on these proposed rules will be accepted until Nov. 18, 2005.

Please direct all comments to:
DAG Wendy Alice Way
Division of Gaming Enforcement
140 East Front Street
P.O. Box 047
Trenton, New Jersey, 08625

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