N.J. Admin. Code § 13:69D-1.24B

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:69D-1.24B - Procedure for sending funds by wire transfer or electronic fund transfer

(a) Whenever a patron requests a casino licensee to send funds by wire transfer or electronic fund transfer to a financial institution on his or her behalf, the patron shall present to the general cashier the cash, cash equivalents, casino check, chips, plaques, slot tokens or prize tokens representing the amount sought to be transferred, or, in the case of a cash deposit, request that the unused balance of the cash deposit be transferred.

(b) The general cashier shall obtain a Wire Transfer or Electronic Fund Transfer Request Form, a four-part serially prenumbered form, and shall record thereon, at a minimum, the following:

1. The name of the patron;

2. The date of the transaction;

3. The amount of funds to be transferred, stated in numbers and in words;

4. The source of funds to be transferred;

5. The name and address of the financial institution to which the funds will be transferred and the account number to which the funds will be credited;

6. The signature of the patron if the request is made in person at the cage or, if the request is made by mail, an indication that a signed written request from the patron is attached to the Wire Transfer or Electronic Fund Transfer Request Form;

7. The signature of the general cashier; and

8. The signature of the main bank cashier.

(c) Prior to completing the Wire Transfer or Electronic Fund Transfer Request Form, the general cashier shall perform and maintain documentation supporting the following verifications:

1. If the request is made in person, the general cashier shall compare the patron's signature on the Wire or Electronic Fund Transfer Request and the patron's physical appearance with:

i. The signature and general physical description recorded in a patron identification file; or

ii. The signature on the patron's identification credential and the patron's photograph or physical description, if any, recorded on the identification credential; or

2. If the request is made by mail, the general cashier shall compare the signature on the attached written request with the signature in a patron identification file.

(d) After verifying the patron's signature, the general cashier shall present the Wire Transfer or Electronic Fund Transfer Request Form to the main bank cashier, who shall sign the form and retain the original and duplicate copy. The general cashier shall retain the triplicate copy of the form and shall give the patron the quadruplicate copy of the form as evidence of the wire transfer or electronic fund transfer request.

(e) The main bank cashier shall immediately forward the original Wire Transfer or Electronic Fund Transfer Request Form to the accounting department as authorization to affect the transfer, and shall retain the duplicate copy for agreement with the triplicate copy held by the general cashier. At the end of the gaming day, and upon agreement of the duplicate and triplicate copies of the Wire Transfer or Electronic Fund Transfer Request Form, the main bank cashier shall forward both copies of the form to the accounting department.

(f) Upon authorizing a transfer of funds pursuant to this section, the accounting department shall either:

1. Record on the original Wire Transfer or Electronic Fund Transfer Request Form:

i. The name and title of the person contacted at the casino licensee's bank;

ii. The date and time that the wire transfer or electronic fund transfer was authorized; and

iii. The signature of the accounting department employee authorizing the wire transfer or electronic fund transfer; or

2. If the wire transfer or electronic fund transfer is authorized by means of a direct computer link between the casino licensee and its bank, print a copy of the wire transfer or electronic fund transfer authorization from the computer screen which shall:

i. Indicate the information and signature required in (f)1ii and iii above; and

ii. Be attached to the original Wire Transfer or Electronic Fund Transfer Request Form.

(g) At the end of the gaming day in which the wire transfer is transmitted, the accounting department shall compare the duplicate and triplicate copies of the Wire Transfer or Electronic Fund Transfer Request Form to the original.

N.J. Admin. Code § 13:69D-1.24B

Amended by 47 N.J.R. 1954(a), effective 8/3/2015