What is the Unlawful Internet Gambling Enforcement Act?

The Unlawful Internet Gambling Enforcement Act (UIGEA) is a law passed in 2006 with the purpose of making it illegal for businesses to knowingly accept payment for unlawful internet gambling. UIGEA applies to all financial transactions related to online gambling and prohibits companies from knowingly transferring money from customers to online gambling sites. In Washington, UIGEA is enforced by the Washington Gambling Commission and the Washington Department of Financial Institutions. The UIGEA is designed to protect consumers from engaging in online gambling and criminal activities that may be associated with gambling operations. It does not make online gambling itself illegal, but does make it illegal for companies to knowingly accept money from customers for activities associated with online gambling. Funds collected from online gambling sites are considered proceeds from a criminal activity and are subject to forfeiture. The UIGEA also allows financial institutions to block payments to and from online gambling sites and requires financial institutions to monitor transactions to prevent money laundering. Financial institutions must also report suspicious activity related to gambling transactions and provide information related to suspicious activities to the Washington Gambling Commission. The UIGEA is an important law that helps ensure that individuals and businesses are not profiting from illegal activity related to internet gambling in Washington. It protects consumers by making it illegal for businesses to accept payments for activities associated with online gambling and also helps prevent money laundering by requiring financial institutions to monitor and report suspicious transactions.

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What is the Unlawful Internet Gambling Enforcement Act?

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