Vendor Guru Q&A - Compliance

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Latest Compliance - Internet Gambling Topics

Signed Reg GG Disclosure - Entity or Account Specific?

08/27/2017

Is a Reg GG Disclosure that a customer signs meant to be entity specific or account specific? If Joe's Autos opens 4 accounts, do we need 4 Reg GG disclosures signed or will one work since the verbiage states "this entity does not engage in internet gambling.."?

Penalties for Unlawful Gambling Enforcement Act

01/07/2013

What are the potential penalties or consequences for noncompliance with Reg. GG - Unlawful Internet Gambling Enforcement Act?

Reg GG and Payment Systems

07/26/2010

I'm confused about which payment systems Reg GG covers. The reg states ACH, card systems, check collection systems and wire transfer systems are included, but the American Bankers Association website says the reg "does not require that checks, ACH payments, or wire transactions related to Internet gambling be monitored or blocked." That would definitely make it easier, but is it right?

Reg GG Notice to Existing Commercial Customers?

12/14/2009

Regarding the Prohibition on Funding of Unlawful Internet Gambling, are we required to send our existing commercial customers a notice about Reg GG?

Internet Gambling

12/07/2009

How can we identify an ACH transaction as internet gambling when the transaction will probably have an SEC code of WEB? What is everyone doing to try to monitor for internet gambling transactions?

Unlawful Internet Gambling Enforcement Act

12/08/2008

When does the Internet Gambling Enforcement Act go into effect and where can I get a copy?

Status of Internet Gambling Bill

06/16/2008

I was wondering if anyone can shed some light on the internet gambling bill. I know that it was part of the Safe Port Act and comments were due by December 12, 2007. Have any final regulations been posted? Where do we stand from a compliance standpoint?

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Is a citizen of Puerto Rico a US Citizen for taxes?

10/20/2019

Is a citizen of Puerto Rico a US Citizen or a nonresident alien for tax purposes?

Do You Know the Main Benefit of the New Capital Rules?

10/20/2019

What is the primary benefit of the Community Bank Leverage Ratio (CBLR) Framework?

Case by Case Hold on the First $5,000?

10/20/2019

When placing a large deposit hold on an amount that exceeds $5,000, are we required to place a case by case hold on the first $5,000?

Info on Deceased Customer's Safe Deposit Box

10/20/2019

We received a call from a customer's child asking for information about a safe deposit box in name of our customer who is now deceased. This person was listed on signature card but never signed it. Should we give him any information regarding the closing of the box?

Payment Option- Payroll with a GIRO

10/20/2019

We have a customer living in Japan requesting to receive payroll with a GIRO. We are not familiar with this payment option and wondered how it works. What are the risks associated with this kind of transfer?

Latest Compliance - Internet Gambling Topics

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