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REG GG/internet gambling notification

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  1. JoeBlazenyc JoeBlazenyc is offline

    New York City, NY
    United States

    Posts: 402
    Joined: May 07

    Jan 15th, 2010 (1/15/2010 12:09am)

    My latest bank statement had this to say before my balance

    Pursuant to the unlawful internet gambling enforcement act of 2006 and regulation gg, "restricted transactions such as those in which a person accepts credit, funds, instruments or other proceeds from another person in connection with unlawful internet gambling are prohibited from being processed through your account or relationship with our institution.

    My account appears to still be open. Should I be worried? Do you guys recommend I transfer my balances to a different bank? If so what banks in NY are a little more "poker friendly"

    Thanks- blaze
     11
  2. leftygrove leftygrove is offline

    Storrs Mansfield, CT
    United States

    Posts: 2,107
    Joined: Jul 08

    Jan 15th, 2010 (1/15/2010 12:12am) in reply to JoeBlazenyc

    Are you sure that this was even directed specifically at you, or could it have just been printed on all the statements they sent out that month? It sounds kind of vague...

    It sounds like no big deal but good luck with this anyways.
  3. JoeBlazenyc JoeBlazenyc is offline

    New York City, NY
    United States

    Posts: 402
    Joined: May 07

    Jan 15th, 2010 (1/15/2010 12:27am) in reply to leftygrove

    I'm not sure but i did have 2 wires for around 20 each from stars and ub hit within 2 days from each other. I guess I should chill with wires for at least a month. I'm just not sure if I should switch banks right away. This stuff is so annoying, its hard enough to win in the game.
     11
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  4. z06fanatic z06fanatic is offline

    CT
    United States

    Posts: 887
    Joined: Apr 07

    Jan 15th, 2010 (1/15/2010 1:34am) in reply to JoeBlazenyc

    i wouldnt worry bout it - whats the worst case they shut ur account down and u go to another bank. i would chill with the wires tho - the checks are probably less of a red flag then 10k xfers coming out of the country
     2
  5. sgildea25 sgildea25 is offline

    Nashua, NH
    United States

    Posts: 777
    Joined: Jan 08

    Jan 15th, 2010 (1/15/2010 8:45am) in reply to z06fanatic

     
    Originally Posted by z06fanatic View Post

    i wouldnt worry bout it - whats the worst case they shut ur account down and u go to another bank. i would chill with the wires tho - the checks are probably less of a red flag then 10k xfers coming out of the country

    My bank just gave me the "warning" a few days ago. GG deposits/transfers. Might be looking at playing live only within the next few weeks based off my "test" check that I'm going to deposit once I receive it from pokerstars.
  6. z06fanatic z06fanatic is offline

    CT
    United States

    Posts: 887
    Joined: Apr 07

    Jan 15th, 2010 (1/15/2010 10:24am) in reply to sgildea25

     
    Originally Posted by sgildea25 View Post

    My bank just gave me the "warning" a few days ago. GG deposits/transfers. Might be looking at playing live only within the next few weeks based off my "test" check that I'm going to deposit once I receive it from pokerstars.

    so just go to another bank. Ive personally been dealing with 1 bank depositing checks (usually 5k at a time) and a couple bank transfers here and there and no word just yet. I am thinking about opening another account though at say BOA so i can spread out the wires and checks - overall though my bank thus far havent said a word
     2
  7. StoneColdNz StoneColdNz is offline

    Wooster, OH
    United States

    Posts: 429
    Joined: Dec 07

    Jan 15th, 2010 (1/15/2010 10:28am) in reply to z06fanatic

    Just when Obama says on the Google and China issue "The White House believes in a Free Internet"

    LMFAO
  8. bthsidesnow bthsidesnow is offline

    Fort Wayne, IN
    United States

    Posts: 584
    Joined: Nov 06

    Jan 15th, 2010 (1/15/2010 10:32am) in reply to JoeBlazenyc

    I've been following this stuff over at 2+2 and this seems to be a blanket statement some banks are printing on all statements and nothing in particular directed at you. I think it simply has to do with the original Dec. 1 compliance date for the UIGEA. That being said, the above suggestions to have multiple accounts to transfer funds into is a good idea. The worst that could happen at this point would be for a bank to close your account and your funds returned to you. At which point you could simply deposit them into a new bank account.
     
  9. EyeKnows EyeKnows is offline

    Posts: 6,644
    Joined: Sep 06

    Jan 15th, 2010 (1/15/2010 12:35pm) in reply to JoeBlazenyc

     
    Originally Posted by JoeBlazenyc View Post

    restricted transactions such as those in which a person accepts credit, funds, instruments or other proceeds from another person in connection with unlawful internet gambling are prohibited from being processed through your account or relationship with our institution.

    No problem, you are not doing any transactions with "unlawful internet gambling" folks since this activity is not illegal in the US. The only thing the UIGEA tries to regulates (attempts to) is banking actions and says nothing about the legality of internet poker.
  10. njw11 njw11 is offline

    Akron, OH
    United States

    Posts: 749
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    Jan 15th, 2010 (1/15/2010 1:05pm) in reply to JoeBlazenyc

    Ive seen this but its was just a warning to everyone not me directly I would try to wait a while before your next xfer though
     
  11. JoeBlazenyc JoeBlazenyc is offline

    New York City, NY
    United States

    Posts: 402
    Joined: May 07

    Jan 15th, 2010 (1/15/2010 3:19pm) in reply to JoeBlazenyc

    What do you guys think of opening an account in like Panama or Grand Cayman Islands?
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    Thread Starter
  12. njw11 njw11 is offline

    Akron, OH
    United States

    Posts: 749
    Joined: Jun 08

    Jan 15th, 2010 (1/15/2010 5:14pm) in reply to JoeBlazenyc

    have you ever seens blow?
     
  13. ApesAreFun ApesAreFun is offline Moderator/Euro Donk

    Norway

    Posts: 6,246
    Joined: Aug 07

    Jan 15th, 2010 (1/15/2010 5:22pm) in reply to njw11

    Im just here to give everyone a gentle reminder about NOT mentioning any banknames. If you do know about any "pokerfriendly"-banks, please let OP know through a kind PM.
     906 
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