The council 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: (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 council 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.Renumbered from T.C.A. s 4-51-310by 2021 Tenn. Acts, ch. 593, s 30, eff. 1/1/2022.Amended by 2021 Tenn. Acts, ch. 593, s 27, eff. 1/1/2022.Added by 2019 Tenn. Acts, ch. sports wagering in this state.Renumbered from T.C.A. s 4-51-310by 2021 Tenn. Acts, ch. 593, s 30, eff. 1/1/2022.Amended by 2021 Tenn. Acts, ch. 593, s 27, eff. 1/1/2022.Added by 2019 Tenn. Acts, ch. 507, s 1, eff. 7/1/2019.
Tennessee Legal Code