Unlawful Internet Gambling Enforcement Act
Unlawful internet gambling enforcement act
(UIGEA) Policy — Regulation GG
The Unlawful Internet Gambling Enforcement Act of 2006 (effective June 1, 2010) implemented regulations which prohibit commercial/business members from receiving deposits or other credits of any kind relating to their operation of an illegal Internet gambling business. AFL-CIO Employees Federal Credit Union is required to enforce that prohibition.
It is the AFL-CIO Employees Federal Credit Union’s policy to not open or maintain any account for commercial/business members held with the intent to conduct or engage in Internet gambling activity, whether legal or illegal. If the Credit Union discovers or determines that an existing commercial [business] member transacts or engages in Internet gambling activity as defined by the UIGEA, the Credit Union reserves the right to restrict services or terminate the account relationship.
If you any questions about this federal regulation, please contact the AFL-CIO Employees Federal Credit Union at 301- 683-2800.