Part III: Business & Regulation · Gaming Regulation & Compliance

Monetary Instrument Log (MIL) / Negotiable Instrument Log (NIL)

AML/CFT

A log maintained by casinos to record the purchase or cashing of monetary instruments, including traveler’s checks, money orders, cashier’s checks, and bank drafts, in amounts between $3,000 and $10,000. While these instruments are not reportable on CTRs (unless aggregated with other transactions exceeding $10,000), they must be logged to assist in detecting structured transactions and potential money laundering activity. MILs/NILs must be retained for at least five years and are subject to review during independent audits and regulatory examinations.

One entry from the Casino Industry Glossary — 1,157 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.