Effective June 1st, 2010, Scotiabank will be required to comply with the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and Regulation GG, which was issued by the U.S. Department of Treasury and the Federal Reserve Board. This regulation is intended to restrict unlawful wagering via internet gambling sites by blocking restricted transactions. Restricted transactions generally include, but are not limited to, those in which credit or debit cards, electronic funds transfers, checks, or drafts are used in connection with unlawful internet gambling.
In order to comply with these new requirements, Scotiabank has implemented Visa’s Internet Gambling blocking service, which will result in the decline of all online “card-not-present” gambling credit card transactions.
Cardholders will receive an email or paper notification advising them of the new U.S. regulation with their statement over the next three payment cycles. A copy of this notification has been provided to you by email for your reference.
Review the Regulation GG brochure for additional information.