Michael Ingwerson
Riverton
Summary
Detail-oriented compliance professional with 17 years of progressive experience in casino operations, specializing in regulatory compliance, financial reporting, and risk management. Proven track record of developing and implementing policies, training staff, and ensuring adherence to federal regulations (including Title 31, IRS tax reporting, and AML requirements).
Overview
18
18
years of professional experience
Work History
Title 31 Compliance Officer
Wind River Hotel & Casino
01.2020 - Current
- Ensure compliance with federal Title 31 anti-money laundering (AML) regulations, including Currency Transaction Reports (CTRs), Suspicious Activity Reports (SARs), and recordkeeping
- Authored and implemented casino-wide Title 31 policy and procedures, standardizing compliance workflows and reducing audit findings
- Conduct daily reviews of transactions exceeding $10,000, collaborating with finance and surveillance teams to resolve discrepancies
- Worked closely with the Slot Department and Finance to ensure forms were completed correctly and successfully submitted to the IRS prior to deadline
- Trained numerous employees annually on Title 31 requirements, IRS tax reporting (W2-G, 1042-S, 1099-MISC), and internal controls
- Served as a liaison during an IRS/FinCEN audit
Drop Team Supervisor
Wind River Hotel & Casino
01.2014 - 01.2020
- Supervised a team of 6 in the secure collection, verification, and documentation of gaming revenue ($300,000+ daily)
- Streamlined drop procedures to reduce processing time, enhance accuracy and accountability
- Partnered with compliance and audit teams to reconcile discrepancies and ensure adherence to internal controls
Vault Supervisor
Wind River Hotel & Casino
01.2007 - 01.2014
- Supervised casino vault operations, including cash inventory, chip reconciliation, and secure fund transfers
Education
AAS - Business Management
Central Wyoming College
Riverton, WYSkills
- Regulatory Compliance
- Policy Development & Implementation
- AML/CTR/SAR Reporting
- Tax Documentation
- Audit Management & Risk Mitigation
- Staff Training & Leadership
- Machine Accounting & Financial Reconciliation
Additional Highlights
- Sportsbook Auditor: Conducted daily audits of sportsbook transactions to ensure accuracy and compliance with state regulations.
- Process Improvement: Enhanced workflows for tax document processing, reducing errors and ensuring timely IRS submissions.
- Cross Department Collaboration: Worked with IT, finance, and surveillance teams to enhance compliance reporting.
Personal Information
Title: 31 Compliance Officer
Professional Development
- Title 31 Compliance Training
- Work on getting a Certified Anti-Money Laundering Specialist (CAMS)
Timeline
Title 31 Compliance Officer
Wind River Hotel & Casino
01.2020 - Current
Drop Team Supervisor
Wind River Hotel & Casino
01.2014 - 01.2020
Vault Supervisor
Wind River Hotel & Casino
01.2007 - 01.2014
AAS - Business Management
Central Wyoming College
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