Unlawful Internet Gambling Enforcement Act (UIGEA)
Question: What can my bank do to comply with the Unlawful Internet Gambling Enforcement Act?
Answer: Make sure your bank has policies and/or procedures in place regarding Reg GG compliance (Unlawful Internet Gambling Enforcement Act - UIGEA). They should address:
As a part of account opening procedures, determining if a potential commercial customer participates in gambling and whether or not it is unlawful
compliance (Unlawful Internet Gambling Enforcement Act - UIGEA). They should address:
Verification that existing commercial customers are not involved in unlawful Internet gambling
compliance (Unlawful Internet Gambling Enforcement Act - UIGEA). They should address:
Notification to customers of Reg GG requirements
compliance (Unlawful Internet Gambling Enforcement Act - UIGEA). They should address:
Procedures to deny services or close accounts of commercial customers if the bank becomes aware of unlawful Internet gambling activities
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