NEWave continually monitoring upcoming FinCEN changes

“The FinCEN changes are sweeping, and therefore, the deadline extension is a welcome relief to casino operators everywhere. Because they must either increase staffing levels or install software that will complete and file the forms automatically, casinos should not take the extension as a time to relax – the prep work is still significant, and now is the time to prepare,” said NEWave COO Tom Bechtel.

NEWave is in the process of finalizing software updates to its myCompliance Suite that will ensure casinos are compliant with the new reporting process. That product is expected to be release in first quarter 2012, well in advance of the impending FinCEN changes, giving casinos time to get ahead of the new requirements.

Additionally, NEWave recently released an important white paper which outlines the effects on U.S. casino operators from the changes in FinCEN regulations. An updated version of the white paper is available for free, immediate download now at NEWave’s website, www.mynewave.com.

NEWave has a long and proven track record of protecting casinos against fines. In fact, not one of NEWave’s clients has ever been found to be in non-compliance. Additionally, an independent audit proved that NEWave’s software saves casinos anywhere from us$ 100,000 to us$ 150,000 annually.