A bill seeking to prevent casino financial fraud in the Commonwealth of Northern Mariana Islands has been introduced into the Senate.

The Marianas Variety reported that Senate President Arnold Palacios recently filed Senate Bill 20-98 to protect Saipan’s exclusive casino, Imperial Pacific Hotel & Resort, from fraudulent misuse of financial instruments.

SB 20-98, which is also known as the Prevention of Fraudulent Misuse of Financial Instruments in Casino Gaming and Other Transactions Act, will specifically address the issues on counterfeit money, fake credit cards and other financial transactions.

With America’s long history of dealing with financial fraud, Palacios believes it is only prudent for Saipan to prepare against organized crime groups that may conduct fraudulent activities in its casinos.