LegalFix
Sign In

§ 4-51-310. Financial practices, audits of licensees, and post-employment restrictions.

TN Code § 4-51-310 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(1) Minimum requirements by which each licensee must exercise effective control over its internal fiscal affairs, including, without limitation, requirements for:

(A) Safeguarding assets and revenues, including evidence of indebtedness;

(B) Maintenance of reliable records relating to accounts, transactions, profits and losses, operations, and events; and

(C) Global risk management;

(2) Requirements for internal and independent audits of licensees;

(3) The manner in which periodic financial reports must be submitted to the board from each licensee, including the financial information to be included in the reports;

(4) The type of information deemed to be confidential financial or proprietary information that is not subject to any reporting requirements under this part;

(5) Policies, procedures, and processes designed to mitigate the risk of cheating and money laundering; and

(6) Any post-employment restrictions necessary to maintain the integrity of sports wagering in this state.

Previous Section
§ 4-51-309. Requirements for escrow account, insurance, and cash-on-hand.
Next Section
§ 4-51-311. Persons authorized to engage in sports wagering.