Effective June 1, 2010 the implementation of Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) or Regulation GG may affect your account.
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 a joint final rule, Regulation GG, to implement 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 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 or Tribal lands in which the bet or wager is initiated, received or otherwise made."
As a customer of Enterprise Bank of Florida, these restricted transactions are prohibited from being processed through your account with us. By maintaining an account with us you agree to notify us if your account is ever used for Internet Gambling of any kind. If you do not we may terminate your access to various payment methods or close your account.
For additional information or questions regarding the UIGEA or Regulation GG, please contact us at Enterprise Bank of Florida 11811 US Highway One North Palm Beach, FL 33408 or (561) 624-4400.