| The UIGEA, signed into
law in 2006, prohibits commercial customers from receiving deposits
of any kind relating to illegal Internet gambling. The Department of
Treasury and the Federal Reserve Board have issued a joint final
rule, Regulation GG, to implement this act. This bank is required to
enforce the prohibition.
In accordance with the requirements
of the Unlawful Internet Gambling Enforcement Act of 2006 and
Regulation GG, this notification is to inform commercial customers
of New City Bank that these restricted transactions are prohibited
from being processed through your account or banking relationship
with us. Restricted transactions are transactions in which a person
accepts credit, funds, instruments or other proceeds from another
person in connection with unlawful Internet gambling.
By maintaining an account with our
bank you agree to notify us if your account is ever used for
Internet gambling of any kind, even if you believe the activity to
be legal. If you do not, we may terminate your access to various
payment methods. |
Equal Opportunity Lender
Member FDIC Phone:
(312) 588-0088