124Approved system of controls and procedures to be implemented

#### 124 Approved system of controls and procedures to be implemented 124 Approved system of controls and procedures to be implemented > > (1) It is a condition of a casino licence that the casino operator is to conduct operations in the casino in accordance with a system of internal controls and administrative and accounting procedures for the casino that have been approved of in writing by the NICC. > > > (1A) Without limiting subsection (1), the system of internal controls for the casino must include requirements for the casino operator to address— > > > > > (a) risks associated with money laundering and terrorism financing, including— > > > > > > > (i) monitoring patrons’ accounts for criminal activity, and > > > > > > > (ii) performing due diligence on patrons, and > > > > > > > (iii) obtaining declarations from patrons about the source of the patrons’ funds if the amount used by the patrons for gaming at the casino is more than the amount specified for this provision in the system of internal controls, and > > > > > (b) matters relating to responsible gambling. > > > (2) Any such approval may be amended from time to time, as the NICC thinks fit, on the NICC’s own initiative or on the application of the casino operator concerned. > > > (3) An approval or amendment of an approval under this section takes effect when notice of it is given in writing to the casino operator concerned or on a later date specified in the notice. > > > (4) A casino operator must not contravene a requirement of an internal control or administrative or accounting procedure that is approved for the time being under this section for the casino. > > > > Maximum penalty—2,000 penalty units. > > > (5) A system approved for a casino under this section may contain different internal controls, or different administrative or accounting procedures, for different parts of the casino. > > **s 124:** Am 2001 No 27, Sch 2 \[9\]; 2010 No 16, Sch 1 \[30\]; 2018 No 8, Sch 1 \[54\] \[55\]; 2022 No 36, Sch 1\[87\] \[88\].