ACH Audit Services
Unlawful Internet Gambling Deadline Extension
Wednesday, November 11, 2009
Based on the number of calls NACHA continues to receive, there remains much uncertainty among financial institutions around compliance with UIGEA and Regulation GG. Legislation currently pending in Congress would alleviate much of the confusion associated with implementing UIGEA. A one year extension of the compliance date would give Congress time to act upon this legislation, and would eliminate the need for financial institutions to establish compliance protocols under the current regulation, only to have to alter them if this legislation passes.
See below for the official Regulation GG extension letter.