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Tenn. Code Ann. § 4-51-310

Financial practices — Audits of licensees — Post-employment restrictions

Acts 2019, ch. 507, § 1.

The board shall prescribe by rule:

(1) Minimum requirements by which each licensee must exercise effective control over its internal fiscal affairs, including, without limitation, requirements for: Safeguarding assets and revenues, including evidence of indebtedness;

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

(3) Global risk management;

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

(5) 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;

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

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

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

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.