Important Information Regarding your Account
The Unlawful Internet Gambling Enforcement Act (Act) of 2006 prohibits any person engaged in the business of betting or wagering, as defined in the Act, from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling. As defined in Regulation GG, unlawful Internet gambling means to “…place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law or tribal lands in which the bet or wager is initiated, received or otherwise made.”
Please be advised that effective June 1, 2010, in accordance with the Act and Regulation GG, unlawful internet gambling transactions are prohibited from being processed through your account or banking relationship with us. California Republic Bank will not open accounts for customers engaged in any Internet Gambling Business, including legal internet gambling businesses. In the event Bank receives actual knowledge that the Bank’s commercial customer is engaged in an Internet Gambling Business, Bank management will close the commercial customer’s account.