What is one key regulation regarding gift card transactions?

The regulation stating that members cannot buy more than $10,000 per day without a form relates to compliance and security measures in financial transactions. This limit is in place to help prevent money laundering and other illicit activities, as large cash transactions can often raise flags for regulatory bodies. Requiring a form for transactions above this threshold ensures that there is documentation for significant purchases, which adds a layer of accountability and oversight.

This regulation helps Costco maintain responsible communication and transaction protocols, which are crucial for both customer safety and the company’s integrity. Implementing limits and requiring documentation ensures that the business can track larger transactions more effectively while also ensuring that members are adhering to the established financial guidelines.