3772-10-12 Cash equivalents.

Each casino operator licensee or casino operator applicant's internal control system shall include internal controls for the acceptance and verification of cash equivalents. The internal controls developed and implemented by the casino operator licensee or casino operator applicant shall include the following:

(A) A requirement that cage employees perform the specific verification procedures required by the issuer of each cash equivalent accepted. The casino operator licensee shall retain adequate documentation evidencing the verification of each cash equivalent;

(B) A requirement that cage employees examine each cash equivalent for counterfeiting, forgery or alteration;

(C) If a casino operator licensee or applicant elects to incorporate in its verification procedures a level of reliance on previously accepted cash equivalents, a description of the general parameters governing the reliance;

(D) The criteria for cage supervisor involvement in the verification process;

(E) The procedures for verifying any patron signature on the cash equivalent. The casino operator licensee shall retain adequate documentation evidencing how each signature was verified; and

(F) For cash equivalents equaling or exceeding five hundred dollars, verification of the validity of the cash equivalent with the financial institution upon which it is drawn. The gaming cashier shall document how the verification was performed in connection with the acceptance of each cash equivalent.

Effective: 04/01/2012
R.C. 119.032 review dates: 04/01/2017
Promulgated Under: 119.03
Statutory Authority: 3772.03
Rule Amplifies: 3772.03 , 3772.033