Unlawful Internet Gambling Enforcement Act (UIGEA) requirements:

The Unlawful Internet Gambling Enforcement Act (UIGEA) of 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 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 mans 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 or tribal lands in which the bet or wager is initiated, received or otherwise made.”

Please be advised that as a customer of The Citizens Bank, unlawful internet gambling transactions are prohibited from being processed through you account or banking relationship with us.

In the event the Bank receives “actual knowledge” that one of their commercial customers is participating in restricted transactions, the Bank may use its own judgment in counseling the customer on their infraction or deny a customer access to a payment system or even to close the account.

Discovery of restricted and unlawful gambling transactions will initiate a Suspicious Activity Report (SAR) filing.