Description
15min | Credits: n/a
Focuses on the federal law that generally prohibits any gambling business from knowingly accepting payments related to unlawful online gambling. Explains banks’ role in preventing illegal online gambling including the account opening procedures banks may rely on to comply with the law.
Audience: Staff opening commercial checking accounts.
Learning Objectives
After completing this course, students will be able to:
- Explain the account opening procedures banks may rely on to comply with the Regulation GG requirement to identify and block illegal Internet gambling transactions.
- Describe how banks, as card issuers, may comply with the requirements by blocking card transactions that are identified as illegal Internet gambling transactions.
This course is part of the ABA Frontline Compliance program.