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Unlawful Internet Gambling

FAQs about the Unlawful Internet Gambling Enforcement Act
American Bankers Association
What will my bank have to do to comply with the Final Rule?


Unlawful Internet Gambling Enforcement Act
American Bankers Association
A six month reprieve on mandatory compliance with the Internet Gambling prohibition ended on June 1, 2010, when all banks must institute policies and procedures to block certain prohibited transactions.

High Stakes Showdown: Internet Gambling Debate Rages on Capitol Hill
ABC News
With just two weeks to go before a federal law aimed at quashing Internet gambling takes effect, a handful of House Democrats, including Rep. Barney Frank, D-Massachusetts, are going all in, pushing for the legalization of some of the most popular forms of online gambling.

House Financial Services Committee Approves Legislation to Legalize Internet Gaming
The House Financial Services Committee has passed legislation to enable Americans to bet online and put an end to an inappropriate interference with their personal freedom.

Compliance Guide to Small Entities for Unlawful Internet Gambling
Federal Reserve
Offers answers to questions such as, “What due diligence is sufficient for participants in designated payment systems other than card systems?” and “Do you have any legal protection from liability for refusing to honor transactions that you suspect are restricted transactions?”

Unlawful Internet Gambling Enforcement Act Examination Guidance and Procedures
The FDIC and the other federal banking, thrift and credit union regulatory agencies are issuing the attached guidance and examination procedures related to the Unlawful Internet Gambling Enforcement Act of 2006.

Legal deadline ups the ante for online poker
It is likely to make life more difficult for banks — especially small community banks — who will find it a great burden to police transactions that might be related to Internet gambling,” says Kevin Di Gregory, a partner at Manatt, Phelps & Phillips who used to oversee Internet gambling enforcement at the Justice Department.

H.R. 2267, Internet Gambling Regulation, Consumer Protection, and Enforcement Act
House Committee on Financial Services
The House Financial Services Committee approved by a 41-22 vote a bill (H.R. 2267) that would create a licensing system for online gambling.

Congress Rethinks Its Ban on Internet Gambling
New York Times
On Wednesday, the House Financial Services Committee approved a bill that would effectively legalize online poker and other nonsports betting, overturning a 2006 federal ban that critics say merely drove Web-based casinos offshore.