Internet Gambling Enforcement
Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006
The UIGEA, signed into law in 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 Regulation GG to enforce this Act. As defined in Regulation GG, unlawful Internet gambling means to "place, receive, or otherwise knowingly transmit a bet or wager by any means which involved 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 or Tribal lands in which the bet or wager is initiated, received, or otherwise made".
As a customer of The Ohio Valley Bank Company, these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you engage in an Internet gambling business, you may be asked to provide evidence of your legal capacity to do so.
If you have questions or concerns regarding these restricted transactions, please contact the Risk Management Department at Ohio Valley Bank by calling 1-800-468-6682.