Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 51 Pa.B. 1118 (February 27, 2021).

58 Pa. Code § 465a.21. Wire transfers.

§ 465a.21. Wire transfers.

 (a)  A slot machine licensee may accept a wire transfer on behalf of a patron to enable the patron to take part in gaming. A wire transfer accepted by a slot machine licensee shall be recorded in the slot machine licensee’s cage accountability no later than the next gaming day.

 (b)  Prior to commencing acceptance of wire transfers for gaming purposes, a slot machine licensee shall establish a comprehensive system of internal controls addressing the acceptance, verification, accounting for and sending of wire transfers. The internal controls shall be submitted to and approved by the Board under §  465a.2 (relating to internal control systems and audit protocols).

 (c)  The internal control procedures developed and implemented by the slot machine licensee under subsection (b) must include:

   (1)  A cage log to record the following information with regard to wire transfers accepted:

     (i)   A sequential number assigned by the slot machine licensee to the wire transfer transaction.

     (ii)   The date and time of notification.

     (iii)   The name of the financial institution and account number to which the funds were transferred.

     (iv)   The amount of funds transferred.

     (v)   The name of the patron for whose benefit the funds were transferred.

     (vi)   The name and address of the financial institution from which the funds were transferred and the account number from which the funds were debited.

     (vii)   The method by which the slot machine licensee was notified of the receipt of the wire transfer and, if noticed by telephone, the name and title of the person providing notice.

     (viii)   The signature of the cage employee receiving and recording the information required under this subsection.

     (ix)   A notation that the wire transfer has been reversed under subsection (d), when applicable.

   (2)  A requirement that a cage supervisor other than the cage employee who initially documented receipt of the wire transfer verify receipt of the wire transfer.

   (3)  A requirement that the cage supervisor verifying receipt of the wire transfer document the verification process performed in the log required under paragraph (1) including:

     (i)   The method by which the receipt of the wire transfer was verified and, if verified by telephone, the name and title of the individual providing the verification.

     (ii)   The date and time of verification.

     (iii)   The signature of the cage supervisor verifying receipt of the wire transfer.

   (4)  The procedures used to:

     (i)   Establish, verify and document the identity of the patron.

     (ii)   Make the wire transfer proceeds available to the patron at the cage.

     (iii)   Adjust the cage accountability.

   (5)  A cage log to record the following information with regard to wire transfers sent on behalf of a patron:

     (i)   The name of the patron.

     (ii)   The date of the transaction.

     (iii)   The amount of funds transferred.

     (iv)   The source of funds transferred (cash, cash equivalent, jackpot payout).

     (v)   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.

     (vi)   The signature of the patron if the request to send a wire transfer is made in person at the cage.

     (vii)   Documentation supporting the receipt of a request by the slot machine licensee to send a wire transfer on behalf of a patron if the request was not made in person at the cage.

     (viii)   The signature of the cage employee receiving and recording the information required under this subsection.

     (ix)   The signature of the cage supervisor or accounting department supervisor authorizing the wire transfer.

   (6)  When sending a wire transfer on behalf of a patron, the procedures used to:

     (i)   Verify and document the identity of the patron.

     (ii)   Adjust the cage accountability.

 (d)  A slot machine licensee, on the next gaming day, shall take all steps necessary to return to a patron by wire transfer an amount initially accepted by wire transfer if, at the expiration of 14 gaming days following the deposit into its operating account of a wire transfer which has no documented business purpose other than having been accepted to enable a patron to take part in gaming, both of the following circumstances exist:

   (1)  The wired funds remain in a slot machine licensee’s operating account or cage accountability.

   (2)  The patron has engaged in minimal or no slot or table game play.

 (e)  The wire transfer returned under subsection (d) shall be sent to the financial institution from which the funds were debited. This reversal of the wire transfer shall be recorded in the wire transfer log maintained under subsection (c)(1).

Authority

   The provisions of this §  465a.21 amended under the Pennsylvania Race Horse Development and Gaming Act, 4 Pa.C.S. § §  1202(b)(15) and (30), 1207, 1212, 1322, 13A02(1)—(6), 13A25, 13A26(c), 1509, 1516, 1518(a)(13) and 1602.

Source

   The provisions of this §  465a.21 amended May 11, 2012, effective May 12, 2012, 42 Pa.B. 2585; amended November 7, 2014, effective November 8, 2014, 44 Pa.B. 7057. Immediately preceding text appears at serial pages (362105) to (362107).

Cross References

   This section cited in 58 Pa. Code §  465a.23 (relating to customer deposits).



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