# Casino Control Act 2006 (Singapore)/Part VIII

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PART VIII CASINO INTERNAL CONTROLS
Approved system of controls and procedures to be implemented
138.—(1) A casino operator shall not conduct operations in the casino unless the Authority has approved in writing of a system of internal controls and administrative and accounting procedures for the casino.
(2) Any such approval may be amended from time to time as the Authority thinks fit.
​(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) The casino operator shall ensure that the system approved for the time being under this section for the casino is implemented.
(5) Any casino operator who fails to comply with subsection (1) or (4) shall be liable to disciplinary action.
Content of approved system
139.—(1) A system of internal controls and administrative and accounting procedures approved for the purposes of section 138 shall include (but is not limited to) details of the following:
    (a) accounting procedures, including the standardisation of forms, and the definition of terms, to be used in the operations of a casino;
    (b) procedures, forms and, where appropriate, formulae for or with respect to—
       (i) hold percentages and the calculation thereof;
       (ii) revenue;
       (iii) drop;
       (iv) credit;
       (v) complimentary services;
       (vi) salary arrangements; and
       (vii) personnel practices;
    (c) job descriptions and the system of organising personnel and chain of command authority such as to establish diversity of responsibility among employees engaged in operations in a casino and identification of primary and secondary supervisory positions for areas of responsibility, which areas shall not be so extensive as to be impractical for an individual to supervise effectively;
    (d) procedures for the conduct and playing of games; ​
    (e) procedures for the receipt, storage and disbursement of chips and cash, the cashing of cheques, the redemption of chips and the recording of all transactions pertaining to casino operations;
    (f) procedures for the collection and security of money at the gaming tables and other places in a casino where games are conducted, and the transfer of such money to other areas of the casino premises for counting;
    (g) procedures and forms relating to the transfer of money or chips within the casino premises;
    (h) procedures and security for the counting and recording of revenue;
    (i) procedures and security for the transfer of money from casino premises to an authorised bank and from an authorised bank to casino premises;
    (j) procedures for the security, storage and recording of chips utilised in the gaming operations within the casino premises;
    (k) procedures and standards for the maintenance, security and storage of gaming equipment;
    (l) procedures for the payment and recording of winnings associated with games where the winnings are paid by cash or cheque;
    (m) procedures for the issue of chip purchase vouchers and the recording of transactions in connection therewith;
    (n) procedures for the cashing of cheques and recording of transactions by cheque;
    (o) procedures for the establishment and use of deposit accounts;
    (p) procedures for the use and maintenance of security and surveillance facilities, including closed circuit television systems;
    (q) procedures governing the utilisation of security personnel within the casino premises;
    (r) procedures for the control of keys used or for use in operations in a casino;
    (s) procedures and standards for assessing the suitability of suppliers of goods or services to the casino and the casino operator which ​may vary according to the nature of the goods or services or the nature of the suppliers of goods or services;
    (t) procedures for maintaining records of the suppliers of goods and services;
    (u) procedures for the promotion and conduct of junkets and arrangements for premium players;
    (v) procedures to comply with prescribed anti-money-laundering measures; and
    (w) procedures to discourage and prevent corrupt practices.
(2) For the purposes of an approval or amendment of an approval, controls and procedures may be described narratively or represented diagrammatically, or by a combination of both methods.
(3) The Authority may, from time to time, by notice in writing to a casino operator, require details relating to other aspects of the casino operations to be included in the approved system.
Banking
140.—(1) A casino operator shall—
    (a) keep and maintain separate accounts, as approved by the Authority, at an authorised bank for use for all banking transactions arising under this Act in relation to the casino operator; and
    (b) from time to time provide the Authority, as required, and in a form approved by the Authority, with a written authority addressed to the authorised bank referred to in paragraph (a) authorising the authorised bank to comply with any requirements of an inspector exercising the powers conferred by this section.
(2) An inspector may, by notice in writing, require the manager or other principal officer of an authorised bank referred to in subsection (1) to provide the inspector with a statement of an account referred to in that subsection and such other particulars relating to the account as may be specified in the notice.
(3) A person to whom a notice is given under subsection (2) shall comply with the notice.
​(4) An inspector may not exercise the powers conferred by this section without the prior written approval of the Authority.
(5) Any casino operator who fails to comply with subsection (1) shall be liable to disciplinary action.
Accounts to be kept
141.—(1) A casino operator shall keep such accounting records as correctly record and explain the transactions and financial position of the operations of the casino.
(2) The accounting records shall be kept in such a manner as will enable true and fair financial statements and accounts to be prepared from time to time and the financial statements and accounts to be conveniently and properly audited.
(3) Any casino operator who fails to comply with subsection (1) or (2) shall be liable to disciplinary action.
Statement of accounts
142.—(1) A casino operator shall, as soon as practicable after the end of its financial year, prepare financial statements and accounts, including—
    (a) trading accounts, where applicable, for the financial year;
    (b) profit and loss accounts for the financial year; and
    (c) a balance-sheet as at the end of the financial year that gives a true and fair view of the financial operations of the casino operator in relation to the casino.
(2) Any casino operator who fails to comply with subsection (1) shall be liable to disciplinary action.
Keeping of records
143.—(1) A casino operator shall ensure that all records relating to the operations of the casino are—
    (a) kept at a location and in a manner approved by the Authority;
    (b) retained for not less than 7 years after the completion of the transactions to which they relate; and
    (c) available for inspection by an authorised person at any time during that period.
​(2) The Authority may, by instrument in writing, grant an exemption to a casino operator from all or specified requirements of this section in respect of all or specified, or specified classes of documents and may grant such an exemption subject to conditions.
(3) Any casino operator who fails to comply with subsection (1) shall be liable to disciplinary action.
Audit
144.—(1) A casino operator shall, as soon as practicable after the end of its financial year, cause the books, accounts and financial statements of the casino operator in relation to the casino to be audited by a person approved by the Authority to audit the accounting records of the casino operator.
(2) An auditor shall not be approved by the Authority as an auditor for a casino operator unless he is able to comply with such conditions in relation to the discharge of his duties as may be determined by the Authority.
(3) The Authority may impose such additional duties on an auditor in relation to his audit of a casino operator as the Authority considers necessary, the costs of which shall be borne by the casino operator.
(4) The casino operator shall cause the auditor’s report, the profit and loss account and balance-sheet of the casino operator and any additional information or report requested by the Authority to be lodged with the Authority within 4 months after the end of the financial year to which the report, profit and loss account, balance-sheet and additional information or report, if any, relate.
(5) Any casino operator who fails to comply with subsection (1) or (4) shall be liable to disciplinary action.
Submission of reports
145.—(1) A casino operator shall submit to the Authority reports relating to the operations of the casino.
(2) The reports are to be submitted at the times, and are to contain the information, that is specified by notice in writing given to the casino operator by the Authority from time to time.
​(3) Any casino operator who fails to comply with subsection (1) or (2) shall be liable to disciplinary action.