UIGEA Policy & Procedures

Answered by:

Question:

Are all banks required to have Unlawful Internet Gambling Enforcement Act Policies and Procedures?

Answer:

Yes. The extent to which you must have policies and procedures, however, is governed by the type of transaction and whether your customer is or could be an operator of an unlawful Internet gambling business.

First published on BankersOnline.com 4/27/09