Unlawful Internet Gambling Enforcement 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 Dept of 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 wager is initiated, received or otherwise made".
As a customer of RiverBank, you agree that such transactions will not be conducted through your account, and that you will notify the Bank should your account be used for Internet Gambling of any kind. Please be advised that should the Bank discover your account is being used for such restricted transactions, we may terminate your access to certain payment systems and/or close your account.
Please see one of our Client Service Specialists if you would like additional information on UIGEA or Regulation GG.