Unlawful Internet Gambling Enforcement Act of 2006 Certification The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling. This Act prohibits any person engaged in the business of betting, as defined, from knowingly accepting credit, electronic fund transfers, checks, or any other payment involving a financial institution to settle unlawful internet gambling debts. The Treasury Department and the Federal Reserve Board must develop jointly and prescribe regulations requiring payment systems to identify and block or ... Unlawful Internet Gambling Enforcement Act (Reg GG) The rule requires a strengthened screening process at the time of account opening to deny commercial entities that may be acting as Internet casinos access to the payments system. It also requires that policies and procedures be implemented to prevent all debit and credit card payments to Internet ... The Unlawful Internet Gambling Enforcement Act of 2006 ("UIGEA") prohibits any person, including a business, engaged in the business of betting or wagering from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling. 2 Such transactions are termed "restricted transactions." REG GG: UNLAWFUL INTERNET GAMBLING ENFORCEMENT ACT The Department of Treasury and the Federal Reserve Board have finalized Regulation GG, to implement the Unlawful Internet Gambling Enforcement Act of 2006. This notice is provided in accordance with the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and Regulation GG. The UIGEA prohibits any person engaged in the business of betting or wagering from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling. As defined by Regulation GG, unlawful internet gambling means- to place ... the attached guidance and examination procedures related to the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA). Distribution: FDIC-Supervised Banks (Commercial and Savings) Suggested Routing: Chief Executive Officer BSA Compliance Office Related Topics: Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Programs Attachment: Unlawful Internet Gambling Enforcement Act Overview and ... Unlawful Internet Gambling Enforcement Act and Regulation GG. In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006 and Regulation GG, MERCHANT acknowledges tha... Unlawful Internet Gambling Enforcement Act of 2006 Overview This document provides an overview of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA or Act), 31 USC 5361-5366, and sets forth procedures for reviewing compliance by financial institutions with the joint rule promulgated pursuant to the Act by the Department of
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