The Fed & US Treasury to Publish Information Collection Activities; Proposals, Submissions, and Approvals re Prohibition of Funding of Unlawuful Internet Gambling [UIGEA]

http://www.jdsupra.com/legalnews/the-fed-us-treasury-to-publish-informa-76770/

The Federal Reserve and Treasury Department announced on Monday, June 8, 2015 the renewal of a recordkeeping requirement intended to show that payment systems are implementing policies to “identify and block or otherwise prevent or prohibit transactions in connection with unlawful Internet gambling.”

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPARTMENT OF THE TREASURY

“Agency Information Collection Activities; Renewal of a Currently Approved Collection; Comment Request; Prohibition on Funding of Unlawful Internet Gambling”

AGENCIES:

Board of Governors of the Federal Reserve System (“Board”) and Departmental

Offices, Department of the Treasury (“Treasury”) (collectively, the “Agencies”).

ACTION:

Joint notice and request for comment.

SUMMARY:

The Agencies are soliciting comments concerning the currently approved recordkeeping requirements associated with a joint rule , which is being renewed without change, implementing the Unlawful Internet Gambling Enforcement Act of 2006 (the “Act”).

This notice is published jointly by the Agencies as part of their continuing effort to reduce paperwork and respondent burden. The public and other Federal agencies

are invited to take this opportunity to comment on this information collection, as required by the Paperwork Reduction Act of 1995, Pub. L. 104 – 13 (44 U.S.C. 3506(c)(2)(A)).

This document is unpublished, but on 06/09/2015 it is scheduled to be published and available on the Federal Register web page. Until then, you can download the pre-publication attached PDF version.

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