Payment Systems Vulnerable to Illegal Internet Gambling

Regulation GG identifies five payment systems as vulnerable to illegal Internet gambling:

  • Automated clearing house systems [12 CFR 233.3(a)]
  • Card systems (for clearing and settling transactions in which credit cards, debit cards, etc., are used to purchase goods or services or get cash advances) [12 CFR 233.3(b)]
  • Check collection systems [12 CFR 233.3(c)]
  • Money transmitting businesses—to a limited extent [12 CFR 233.3(d)]
  • Wire transfer systems [12 CFR 233.3(e)]

While the range of entities that participate in these systems is wide, Regulation GG exempts many participants from coverage.