TruCom - Jackpot Processing (AML / KYC Compliance)
With the TruCom product, you can easily consolidate the current manual process into a simple, easy to use, software platform designed to specifically protect you from errors during your audit. The software includes forms and features such as:
Form W2G, Certain Gambling Winnings
Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding
Form W-9, Request for Taxpayer Identification Number and Certification
Monetary Instrument Log (MIL)
Form 1099-Misc, Miscellaneous Income
Multiple Transaction Logs (MTL)
Currency Transaction Report (CTR)-Automated Submission
Suspicious Activity Report (SAR) -Automated Submission
Chip Walk Log
Automated Jackpot Processing (Mobile Application)
Reprint Tax Forms
Tax File Export for IRS Fire System
Patrons are verified against a national database and 26 different watch lists
Full integration with Lexis Nexis for FinCEN know your customer requirements
Full integration with TIN Check for SSN verification
Full integration with automated ID verification hardware and software tools
Mobile Jackpot processing to improve customer experience and reduce wait time
Jackpot automatically reports W2G and 1042S forms for Title 31 compliance—because no one wants to mess with the IRS.
A jackpot winner is caught up in the moment. Make it easier for him or her to complete the necessary paperwork. Process the jackpot directly with electronic W2G forms—or 1042S forms for non-U.S. citizens.
If your casino averages hundreds of W2G forms a night, e-forms save your staff time and effort – and you the related costs. Any opportunity to take room for error and responsibility out of your cashier's hands is smart. Our redemption machines also make it possible to reduce or eliminate cashier staff, which is money to reinvest in your casino in the long run.
Our system helps you stay Title 31 compliant and avoid regulation issues. Some companies don't offer the forms on paper, let alone electronically. Track total winnings and alert agents when a player wins over $400. The risk of employee theft is small because it's a closed loop.