This document is published jointly by the Departmental Offices
of the Department of the Treasury (the ``Treasury'') and the Board of
Governors of the Federal Reserve System (the ``Board'') (collectively,
the ``Agencies'') to adopt a final rule to implement applicable
provisions of the Unlawful Internet Gambling Enforcement Act of 2006
(the ``Act''). The final rule sets out definitions for terms used in
the regulation; designates payment systems that could be used by
participants in connection with, or to facilitate, a restricted
transaction; exempts certain participants in certain designated payment
systems from the requirement of the regulation; requires the
participants performing non-exempt functions in a designated payment
system to establish and implement policies and procedures reasonably
designed to prevent or prohibit restricted transactions, such as by
identifying and blocking such transactions; provides non-exclusive
examples of policies and procedures for non-exempt participants in each
designated payment system; and sets out the regulatory enforcement
framework. In developing this rule, the Agencies have consulted with
the Department of Justice, as required by the Act, and have taken into
consideration all comments received on the proposed rule issued in
October 2007.
Document Subtype:
Final Rule
Received Date:
November 18 2008, at 07:14 AM Eastern Standard Time
Start-End Page:
0 - 0
Comment Start Date:
November 18 2008, at 12:00 AM Eastern Standard Time
Prohibition on Funding of Unlawful Internet Gambling
Details Information
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