The Unlawful Internet Gambling Act
prohibits any person engaged in the business of
betting or wagering (as defined by the Act) from
knowing or willingly accepting payments in connection
with the participation of another person in unlawful
internet gambling. The Department of Treasury and
Federal Reserve Board have issued a joint final
rule, Regulation GG, to implement this Act.
Regulation GG defines unlawful internet gambling
to mean "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 a bet or wager is unlawful under any applicable
Federal or State law in the state or tribal lands
in which the bet or wager was initiated, received
or otherwise made."
These restricted transactions are prohibited from
being processed through your Center Bank Account.
Please contact us if you would like additional information
regarding the Unlawful Internet Gambling Act or
Regulation GG.
