Banker's Toolbox: Detecting Crime on the Casino Floor

Following data acquisition, BAM Casino’s secret sauce—multi-layered analysis—takes effect. Banker’s Toolbox has developed a wide range of scenarios, like ‘structuring’ and chip-walking, which warn to the possibilities of money laundering and other financial wrongdoings on the casino floor. Based on customizable parameters and captured information, the system alerts the Title 31 regulatory personnel and risk managers regarding any activity on the gaming floor that is indicative of financial crime. Banker’s Toolbox tailors the technology according to the specific patron sets, high-roller thresholds, and general business of the casino, in order to reduce false positives. “Do you want something out of the box? Or do you want something personalized to your risk profile? With BAM Casino, you now have that choice,” Brienne concludes.

For a specific customer who had their compliance data streaming from slot machines and table games, the granularity of Banker’s Toolbox’s reports proved crucial. The reports generated prior to implementing BAM Casino only showed data for transactions exceeding a certain limit. With BAM Casino, the customer was able to drill down to each penny, generate accurate CTR reports, and focus on strengthening their Title 31 program and necessary investigations, rather than having to audit each piece of the information on the reports manually. Darrin Hanson, Chief Revenue Officer of Banker’s Tools, concludes, “BAM Casino is a compelling product because of our 15 years of experience catching criminals in the act. Now, we have an opportunity to help an entirely new industry that faces the same regulatory and potential penalty burdens that financial institutions have been worried about for decades. We don’t do slot-machines, we don’t offer ATM hardware; we focus on anti-money laundering and Title 31 compliance. That is our emphasis. For anyone that uses our BAM Casino product, they will see the years of AML experience we have poured into it and immediately understand why it is the smart choice.”