|
Regulation GG – Unlawful Internet Gambling Enforcement Act
Effective
December 1, 2009,
Security State Bank is obligated to comply with the Unlawful
Internet Gambling Enforcement Act of 2006, which prohibits
proceeds of illegal Internet gambling from being processed
through commercial deposit accounts, or via wire transfer, ACH
or other funds transmission.
Restricted
Transactions
Company acknowledges and agrees that “restricted transactions,”
as defined in the Unlawful Internet Gambling Enforcement Act of
2006 and Regulation GG issued thereunder, are prohibited from
being processed through Company’s Account or any relationship
between Company and Security State Bank. In the event Security
State Bank identifies a suspected restricted transaction,
Security State Bank may block or otherwise, prevent, or prohibit
such transaction and, further, Security State Bank may close the
Account or end the relationship.
|
