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Unlawful Internet Gambling Enforcement Act (Regulation GG) The Act prohibits any person engaged in the business of betting or wagering from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling. Such transactions are termed ‘‘restricted transactions.’’ The Act generally defines ‘‘unlawful Internet gambling’’ as placing, receiving, or otherwise knowingly transmitting 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 in which the bet or wager is initiated, received, or otherwise made. In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act (Regulation GG), this notification is to inform you that restricted transactions are prohibited from being processed through your account or relationship with Big Island Federal Credit Union. Restricted transactions are transactions in which a person accepts credit, funds, instruments or other proceeds from another person in connection with unlawful Internet gambling. As required by law, Big Island Federal Credit Union will monitor account activity and will restrict any transactions connected with unlawful Internet gambling. If unlawful Internet gambling activity is detected, the account may be restricted or closed. This regulation becomes effective June 1, 2010.
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