Unlawful Internet Gambling
Starting June 1, 2010, banks must comply with the Federal Reserve and US Treasury Department rule enforcing the Unlawful Internet Gambling Enforcement Act (UIGEA). The UIGEA prohibits any business from knowingly accepting payments in connection with unlawful internet gambling.
Ohana Pacific Bank is required to identify and block transactions that are prohibited by the UIGEA. Restricted transactions include, but are not limited to the following types of transactions:
- Internet lottery tickets
- Casino gambling
- Off-track betting
- Race track wagers
- Other internet gambling transactions
In order to comply with banking laws, when you open a business account with Ohana Pacific Bank, we will ask if you engage in internet gambling. For certain businesses, we may ask you to certify that you are not engaged in unlawful internet gambling. We appreciate you patience and cooperation as we comply with the law.