Unlawful Internet Gambling Act Disclosure

Unlawful Internet Gambling Act – Reg GG



Pursuant to the Unlawful Internet Gambling Enforcement Act (Regulation GG), restricted transactions are prohibited from being processed through any account or business relationship with Montgomery Bank. 


A restricted transaction means any of the following transactions or transmittals involving any credit, funds, instrument, or proceeds that the Act prohibits any person engaged in the business of betting or wagering from knowingly accepting, in connection with the participation of another person in unlawful internet gambling: (1)  Credit, or the proceeds of credit extended to or on behalf of such other person (including credit extended through the use of a credit card);  (2)  An electronic fund transfer, or funds transmitted by or through a money transmitting business, or the proceeds of an electronic fund transfer or money transmitting service, from or on behalf of such other person, or (3)  Any check, draft, or similar instrument that is drawn by or on behalf of such other person and is drawn on or payable at or through any financial institution. 


Such restrictions may affect some otherwise proper or allowable transactions.  You understand and agree such restrictions are not within the bank’s control and that the bank will not have any liability, responsibility or culpability whatsoever for any such transactions by you or any authorized signer(s); or for declining to accept, process, or pay any such transaction.  You further agree to indemnify and hold the bank harmless from any suits, liability, damages or adverse action of any kind that results directly or indirectly from any such use of your account and/or access devices.