SUMMARY--Provides immunity from civil liability for disclosure of information regarding cash transaction. (BDR 41-1550)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: No.
EXPLANATION - Matter in italics is new; matter in brackets [ ] is material to be omitted.
AN ACT relating to gaming; providing immunity to certain persons from civil liability for certain disclosures of information regarding a cash transaction; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1 NRS 463.125 is hereby amended to read as follows:
463.125 1. The commission may, for the purpose of obtaining an exemption from the requirements of the Department of the Treasury on reporting and keeping of records by casinos, require nonrestricted licensees with an annual gross revenue of $1,000,000 or more to report and keep records of all transactions involving cash.
2. A gaming licensee, or a director, officer, employee or agent of the gaming licensee, who makes a disclosure to the commission, the board or any other law enforcement agency of a possible violation or circumvention of law or regulation regarding a transaction involving cash, is not liable for that disclosure or for the failure to notify a person involved in the transaction or any other person of that disclosure.
3. The privilege set forth in NRS 463.3407 also applies to the copy of a report of a suspicious transaction filed with the board as required by regulations adopted pursuant to subsection 1.
Sec. 2. This act becomes effective on May 1, 1997.