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Unlawful Internet Gambling Enforcement Act (UIGEA) (Reg GG)
ABA
eLearning Self-paced
online course (length: .25 hour)
Price: $95 members; $130 non-members
Print Registration Form
Enroll Online
This course is also
available at discounted prices under an annual license. Call or email for
details.
This course is available to ABA Member
banks at no cost under a license agreement.
Course Credits:
ICB: .5 CFSSP, CRCM
Course Description:
The Unlawful Internet Gambling Enforcement
Act (UIGEA) (Reg GG) was signed into law in 2006 and focuses on denying
commercial customers that operate online gambling entities access to bank
accounts. By denying them access to bank accounts, they are being
denied access to the payments system, meeting the intent of the law.
The course concentrates on
commercial account opening and the steps necessary to assess the risk of
unlawful Internet gambling transactions being conducted through a commercial
loan or deposit account. Other portions of the course outline
requirements associated with blocking restricted transactions conducted with
debit and credit cards, providing notice to commercial account holders, and
crafting an action plan for banks that discover UIGEA violations
The law is implemented through Federal
Reserve Regulation GG. The final rules were effective December 1,
2009, with compliance mandatory June 1, 2010. Course Created: 2010
Audience: All frontline compliance employees who open
commercial accounts (deposit or loan) or who answer customer questions
concerning debit or credit card transactions.
Learning Objectives:
After completing this course,
students will be able to explain the following as it applies to their
financial institutions:
For further information,
please call NYBA Professional
Development at 212-297-1679 or
elegg@nyba.com.
The New York Bankers Association is a Local ABA Training
Provider.
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