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Unlawful Internet Gambling
Enforcements Act (UIGEA) of 2006
The UIGEA, signed into law in
2006, 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. The
Department of the Treasury and
the Federal Reserve Board have
issued a joint final rule,
Regulation GG, to implement this
Act. As defined in Regulation
GG, unlawful internet gambling
means to “place, receive or
otherwise knowingly transmit a
bet or wager by any means which
involves the use, at least in
part, of the internet where such
bet or wager is unlawful under
any applicable Federal or State
law in the State or Tribal lands
in which the bet or wage is
initiated, received or otherwise
made. As a customer of The
First National Bank of Ottawa,
these restricted transactions
are prohibited from being
processed through your account
or banking relationship with
us. If you do engage in an
internet gambling business and
open a new account with us, we
will ask that you provide
evidence of your legal capacity
to do so. |
