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 UMTB-LA’s Account.
Please contact us if you would like additional information regarding the Unlawful Internet Gambling Act or Regulation GG.
Regulation GG effective June 1, 2010