V.I. Code tit. 32, § 455 (2019)
2019 US Virgin Islands Code|Title 32 - Sports and Parks|Chapter 21 - Virgin Islands Casino and Resort Control Act of 1995|Article VII - Conditions of Operations|§ 455. Internal controls

 (a) Each casino licensee shall submit to the Commission a description of its system of internal procedures and administrative and accounting controls. Such submission shall be made at least 120 days before gaming operations are to commence or at least 90 days before changes in previously submitted control plans are to become effective, unless otherwise directed by the Commission. Each such submission shall contain both narrative and diagrammatic representations of the internal control systems to be utilized by the casino, including, but not limited to: (1) Accounting controls, including the standardization of forms and definition of terms to be utilized in the gaming and simulcast wagering operations; (2) Procedures, forms, and, where appropriate, formulas covering the calculation of hold percentages, revenue drop, expense and overhead schedules, complimentary services, junkets, cash equivalent transactions, salary structure and personnel practices; (3) Job descriptions and the system of personnel and chain-of-command, establishing a diversity of responsibility among employees engaged in casino or simulcasting facility operations and identifying primary and secondary supervisory positions for areas of responsibility, which areas shall not be so extensive as to be impractical for an individual to monitor; (4) Procedures within the cashier's cage for the receipt, storage and disbursal of chips, cash, and other cash equivalents used in gaming; the cashing of checks; the redemption of chips and other cash equivalents used in gaming; the pay-off of jackpots; and the recording of transactions pertaining to gaming operations; (5) Procedures for the collection and security of moneys at the gaming tables; (6) Procedures for the transfer and recordation of chips between the gaming tables and the cashier's cage and the transfer and recordation of moneys within the simulcasting facility; (7) Procedures for the transfer of moneys from the gaming tables to the counting process and the transfer of moneys within the simulcasting facility for the counting process; (8) Procedures and security for the counting and recordation of revenue; (9) Procedures for the security, storage and recordation of chips and other cash equivalents utilized in the gaming operation; (10) Procedures for the transfer of moneys or chips from and to the slot machines; (11) Procedures and standards for the opening and security of slot machines; (12) Procedures for the payment and recordation of slot machine jackpots; (13) Procedures for the cashing and recordation of checks exchanged by casino patrons; (14) Procedures governing the utilization of the private security force within the casino; (15) Procedures and security standards for the handling and storage of gaming apparatus including cards, dice, machines, wheels and all other gaming equipment; (16) Procedures and rules governing the conduct of particular games and the responsibility of casino personnel in respect thereto; and (17) Procedures for separately recording all transactions pursuant to section 457 of this title involving the Governor, any Territory officer or employee, or any special Territory officer or employee, any member of the Judiciary, any member of the Legislature, or any officer of a municipality or county in which casino gaming is authorized, and for the quarterly filing with the Attorney General of a list reporting all such transactions. If required by regulation of the Commission, each casino licensee shall also submit to the Commission a description of its system of internal procedures and administrative and accounting controls for non-gaming operations and a description of any changes thereto no later than five days after those operations commence or after any change in those operations commence or after any change in those procedures or controls takes effect. (b) The Commission shall review each submission required by subsection (a) of this section, and shall determine whether it conforms to the requirements of this chapter and to the regulations promulgated thereunder and whether the system submitted provides adequate and effective controls for the operations of the particular casino submitting it. If the Commission finds any insufficiencies, it shall specify same in writing to the casino licensee, who shall make appropriate alterations. When the Commission determines a submission to be adequate in all respects, it shall notify the casino licensee of same. No casino licensee shall commence gaming operations, or alter in fact its internal controls, unless and until such system of controls is approved by the Commission. The Commission shall make a determination concerning a submission for changes in previously submitted control plans no later than 90 days following receipt of the submission unless the Commission and the casino licensee agree to extend the period for making such a determination. If there is no determination made within 90 days and there is no agreement to extend the period for making such a determination, then the submission shall be deemed to be approved.