Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006
The UIGEA, signed into law in 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
As defined in Regulation GG, unlawful Internet gambling means to “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 bet or wager is
unlawful under any applicable Federal or State law in the State or Tribal
lands in which the bet or wager is initiated, received or otherwise made”.
As a customer of Provident State Bank, these restricted transactions are
prohibited from being processed through your account or banking
relationship with us. If you do engage in an Internet gambling business and
open a new account with us, we will ask that you provide evidence of your
legal capacity to do so.
Please see one of our Customer Service Representatives if you would like
additional information on UIGEA or Regulation GG.