; or (ii) a sports organization, with respect to a sports wager— (I) on a sporting event sponsored, organized, or conducted by the sports organization; and (II) accepted by a sports wagering operator located or operating in the State. (16) Internal controls (A) In general Provide that each sports wagering operator shall devise and maintain a system of internal controls sufficient to provide reasonable assurances that sports wagers are accepted in accordance with all applicable laws, regulations, and policies. (B) Minimum standards Provide that the State regulatory entity shall adopt and publish minimum standards for internal control procedures. (C) Report Provide that each sports wagering operator shall submit to the State regulatory entity not less frequently than annually the written system of internal controls of the sports wagering operator. (D) Audit Provide that system of internal controls of a sports wagering operator shall be evaluated on a periodic basis, but not less frequently than every 3 years, by the State regulatory entity or an independent third-party auditor. 104. Anti-money laundering provisions (a) Bank Secrecy Act Section 5312(a)(2)(X) of title 31, United States Code, is amended— (1) in the matter preceding clause (i), by inserting sports wagering operator (as defined in section 3 of the Sports Wagering Market Integrity Act of 2018 ), after gambling casino, ; and (2) in clause (i), by inserting sports wagering operator, after gambling casino, . (b) Rules for sports wagering operators Not later than 180 days after the date of enactment of this Act, the Secretary of the Treasury shall amend— (1) part 1021 of title 31, Code of Federal Regulations, to provide that sports wagering operators shall be treated the same as casinos with respect to any requirement under that part