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. 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 a bet or wager is unlawful under any applicable Federal or State law or laws of tribal lands in which the bet or wager is initiated, received or otherwise made.
Warsaw Federal Savings and Loan Association is prohibited from processing, through your account or banking relationship, unlawful gambling transactions. We will not open accounts for customers engaged in any internet gambling business, including legal internet gambling businesses. Contact Warsaw Federal Savings and Loan Association at 513-244-6900 for additional information regarding Regulation GG.