Unlawful Internet Gambling
Under Regulation GG Unlawful Internet Gambling Act, we must notify our commercial members that we will prohibit any transaction of any kind relation to an Internet Gambling business.
The act defines “Unlawful Internet Gambling” as placing, receiving, or otherwise knowingly transmitting a bet or wager by any means which involves the use of the Internet.
We are required to block these transactions and close the account. This letter serves as an amendment to your signature card contract. By maintaining an account with San Patricio Co Teachers Federal Credit Union, you agree to notify us.
For more information, visit the Electronic Code of Federal Regulations Web site, Unlawful Internet Gambling Enforcement Act page.