The Bank Secrecy Act describes reportable suspicious activities as those that:

Question

Involve funds derived from illegal activity
Are conducted in order to disguise funds from illegal activity
Are designed to evade any BSA recordkeeping or reporting requirement
Involve the use of the casino to facilitate criminal activity
Have no business or apparent lawful purpose
Are not the sort of activity the guest is expected to engage in
All of the above

Answer 1

The correct answer is "All of the above." The Bank Secrecy Act (BSA) describes various categories of suspicious activities that financial institutions, including casinos, should report. These activities encompass a wide range of behaviors and actions that might indicate illegal activity, such as:

• Involvement of funds derived from illegal activity
• Actions conducted to disguise the source of funds
• Activities aimed at evading BSA recordkeeping or reporting requirements
• Use of the casino to facilitate criminal activities
• Lack of apparent lawful purpose for the transactions
• Engagement in activities that are not typical for the guest

All these points collectively define reportable suspicious activities under the BSA.