Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this Means for You
When you open an account we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see and copy your driver's license or other identifying documents.
In compliance with the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA), and implementing regulations (Regulation GG), certain transactions are prohibited within your accounts. Liberty Bank is required to notify business accounts of this prohibition.
Unlawful internet gambling is defined in UIGEA as placing, receiving, or otherwise knowingly transmitting a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable federal or state law in the state or tribal lands in which the bet or wager is initiated, received, or otherwise made.
Unlawful internet gambling transactions are prohibited from being processed through your account. We may block or reject such transactions. Further, we may block or close any account which we believe is in receipt of such transactions. Liberty Bank will not knowingly open accounts for individuals or businesses engaged in any internet gambling business.
This regulation applies to all Liberty Bank customers and this notice serves as your disclosure.