Blocking Internet Gambling -- Are You Ready?


Presented by: John Burnett      
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  If you missed the October offering of this important presentation, we've scheduled a second live session as the compliance deadline rapidly approaches! Regulation GG has been issued and it's not going away. It became effective in January, and you only have until December 1, 2009 to make the changes necessary for compliance. In this webinar, you will get the information you will need as you draft your policies and procedures to block payments to illegal Internet gambling operations.

You'll learn about --
  • Payment systems affected by the regulations
  • When your institution is exempt
  • Customer relationships you need to be concerned about
  • The need for additional customer due diligence
  • The regulations' focus on policies and procedures
  • Leveraging and enhancing existing procedures for Reg. GG compliance
  • The transactions that are prohibited under the regulation
  • Key definitions in the rule
  • Definitions missing from the rule
  • Relying on payment system policies and procedures
  • Safe harbor provisions
  • Examples of policies and procedures
  • Updated sample forms you can adopt for your compliance program
  • What you'll have to do if a payment gets through
Who should attend:
Compliance officers, operations managers, payment processing managers dealing with wire transfer, card (debit or credit), ACH and check payments.

About the Speaker: John Burnett is a 1979 alumnus of the ABA National Compliance School, and served on its faculty for several years. He graduated with honors with the Class of 1990 from ABA's Stonier Graduate School of Banking. He is also a graduate of the BAI's and the Massachusetts Banker Association's Schools of Banking.

He joined Cape Cod Bank and Trust Company in 1971 and assumed his role as Compliance Officer in 1976. He also served as corporate secretary and secretary of CCBT's Board of Directors, as well as Clerk of the bank's holding company. John joined Glia Group, Inc., and became a part of the BOL Team in June, 2004.

Mr. Burnett is a former member chair of the Massachusetts Bankers Association Legal and Regulatory Compliance Committee, and of the American Bankers Association Compliance Executive Committee and NCS/NGCS Advisory Board. He served on ABA's Truth in Savings Task Force, and has served on several ABA and Massachusetts Bankers seminar panels.

You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment. This program was recorded in its entirety in October 2009. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_gambling1009
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Monday 29 October, 2007.

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