New Notice

daddybo

daddybo

Well-Known Member
I opened a Bank statement today to find this notice printed in all caps athe top...

FED REGULATION RESTRICTS CERTAIN TRANSACTIONS FROM THIS ACCOUNT INCLUDING CREDIT, EFTS, CHECKS OR DRAFTS THAT ARE KNOWINGLY ACCEPTED BY BUSINESSS CONNECTED WITH PARTICIPANTS IN UNLAWFUL INTERNET GAMBLING.

Does this signal a crackdown? Is it a generic warning? Anyone ever seen it before?

-db
 
Pro21

Pro21

Well-Known Member
This is all part of the UIGAE. The deadlines for banks to comply was supposed to be this December, but the Obama administration has given the banks a 6 month extension to comply. They think this law will be repealed.
 
daddybo

daddybo

Well-Known Member
Pro21 said:
This is all part of the UIGAE. The deadlines for banks to comply was supposed to be this December, but the Obama administration has given the banks a 6 month extension to comply. They think this law will be repealed.
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Yep, I researched it after the post.. and that's pretty much what I found. thnx
 
daddybo

daddybo

Well-Known Member
StandardDeviant said:
You also need to research the laws in your state. The UIGEA proposes to regulate institutions that transfer money. It doesn't impact individuals (directly). However the laws of your state may prohibit gambling. You can learn more here:

http://www.gambling-law-us.com/State-Law-Summary/
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Great Link! Surprisingly there are no laws in my state prohibiting Internet gambling. (My state is usually against everything fun.:laugh:)

Thanks,

-db
 
StandardDeviant

StandardDeviant

Well-Known Member
daddybo said:
Great Link! Surprisingly there are no laws in my state prohibiting Internet gambling. (My state is usually against everything fun.:laugh:)
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My state doesn't prohibit Internet gambing, it prohibits all gambling, including, specifically, "casino poker," which I assume includes Internet poker :(
 
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