Checklists are designed to simplify tasks while helping to ensure compliance with applicable requirements. Checklists outline permitted actions and identify potential violations or issues with your process or product. Checklists can be used in order to prevent violations and document files for compliance with applicable laws and regulations. The Lotteries and Raffles checklist provides tool to document each contest, raffles, sweepstakes your financial institution is considering and evaluate the activity for compliance with federal laws.
This checklist is customizable so you can add applicable state law requirements to make the checklist more comprehensive for your financial institution.