LAS VEGAS, NV--(Marketwire - May 11, 2011) - NEWave has a new team, new solutions, and now has a new installation with a new client. NEWave has successfully installed and launched its myCompliance™ Title 31 solution at Tachi Palace Hotel & Casino in Lemoore, Calif. The myCompliance Title 31 application is the first NEWave tool placed at Tachi Palace, and was implemented as part of a Bank Secrecy Act (BSA) compliance tracking application.
"Tachi Palace turned to NEWave to help them find a way to both meet the stringent new BSA regulations and make data collection as unobtrusive to their guests as possible," said NEWave COO Tom Bechtel. "With NEWave's myCompliance Title 31 solution, the property can quickly generate their required reports, and guests can provide their ID just one time, and never have their play interrupted again when they reach the reporting threshold."
Tachi Palace Cage and Vault Director Ruth Ritchie said, "We have been using the Title 31 solution for a month now, and our staff loves it. We have gained a very high level of confidence in knowing that all areas of our gaming floor are being aggregated in real time."
Title 31 is a key component of NEWave's myCompliance suite. The solution logs financial transactions from all potential sources as they happen, and ensures Title 31 reports and forms (SAR-C, CTR-C) are generated and properly eFiled. It completes the process by digitally storing files for reliable, quick and secure retrieval.
About NEWave:
NEWave and its clients are creating innovative solutions together. Founded in 1993, NEWave has more than 200 years of combined professional experience in the gaming and hospitality industry; indentifying, developing and deploying tools and strategies required to successfully manage information technology projects and organization. In addition, NEWave leads the industry in the development and implementation of gaming and hospitality software application and services that provide complete solutions for auditing functions, regulatory compliance and casino cage operations. For more information, please visit mynewave.com.
Contact Information:
Contact:
Paul Speirs
(702) 413-4278