Large cash transactions include the receipt of $10,000 or more in cash for the following transactions: Footnote 3 Footnote 1 This includes a situation where you are deemed to have received cash because you have authorized another person or entity to receive it on your behalf. You must verify the identity of every person or entity from which you receive $10,000 or more in cash when the transaction takes place. Accounts-Account holders and persons authorized to give instructions.Final receipt of an international EFT of $1,000 or more.Initiation of an electronic funds transfer (EFT) of $1,000 or more.Foreign currency exchange transactions of $3,000 or more.When do I have to verify the identity of persons and entities?Īs a casino, you must verify the identity of clients for the following: Methods to verify the identity of persons and entitiesġ.