Time required to move cash through slot machines
| Autor: | Kim Marsh, Ricardo Gomez, Carl James Schwarz, Karen Kelly |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
0209 industrial biotechnology
Public Administration Operations research Computer science media_common.quotation_subject 02 engineering and technology Money laundering 020901 industrial engineering & automation Empirical research Cash Validator Rest (finance) Ticket Value (economics) 0202 electrical engineering electronic engineering information engineering 020201 artificial intelligence & image processing Baseline (configuration management) Law General Economics Econometrics and Finance media_common |
| Zdroj: | Journal of Money Laundering Control. 21:376-384 |
| ISSN: | 1368-5201 |
| DOI: | 10.1108/jmlc-09-2017-0049 |
| Popis: | Purpose The purpose of this paper is to present an empirical study on the time needed to load and disburse cash using bill validators on slot machines and stand-alone cash dispensers in casinos in British Columbia under a Ticket In Ticket Out (TITO) system. Design/methodology/approach Testing took place over two days, using 18 machines. The results were extrapolated to estimate the approximate time required to process $1,000,000 with different average bill amounts in the cash mix and three different bill validator machines in common use. The average value per bill using the cash mix used by the public in the casino was $33.11 [standard error (SE) $2.11]. Findings The mean time/accepted note ranged from 4.12 to 9.65 s, depending on bill validator type. This implies that the time needed to load $1,000,000 onto credit slips using bill validators on slot machines ranges from 35 to 81 h, excluding rest breaks and other breaks. The time needed to redeem $1,000,000 is estimated to be 3 h. Practical/implications The implications of these finding for illicit actors to successfully launder large amounts of cash are discussed. Given the time needed to physically handle the cash, and other control systems currently in use in casinos in British Columbia, processing large amounts of cash using bill validators on slot machines would require a highly organized team that would find it difficult to elude detection. Originality/value The trial results provide a baseline estimate to be used going forward when investigating or proposing money laundering methodologies that include slot machines. |
| Databáze: | OpenAIRE |
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