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
Dept 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 Anadarko Bank and Trust Co., these restricted
transactions are prohibited from being processed through your account or
banking relationship with us. If you do engage in an Internet gambling
business and open a new account with us, we will ask that you provide
evidence of your legal capacity to do so.
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ABOUT FDIC INSURANCE
On October 3, 2008, FDIC
deposit insurance temporarily increased from $100,000 to $250,000 per
depositor through December 31, 2013. On January 1, 2014 the standard
coverage limit will return to $100,000 for all deposit categories except
IRAs and Certain Retirement Accounts. If you have questions about FDIC
coverage limits and requirements, visit
www.myFDICinsurance.gov
, call toll-free 1-877-ASK-FDIC or ask a representative
at your bank.
Learn How To Protect Yourself!
Identity theft is real and you can
protect yourself now.
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