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Reg GG Compliance: It's Been Awhile

Reg GG was passed several years ago, yet with more and more states allowing legal online gambling, how does this impact our compliance responsibilities? What does this regulation require us to do? Who does it apply to? How do we evidence compliance?

OnDemand
Recorded Thursday,
August 22nd, 2024
Presented by Dawn Kincaid
1h 30m total length
2 CRCM Credits
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Deposit Compliance
  • Lending Compliance
  • Risk Management/Legal
  • Branch Manager
  • Commercial Lender
  • Compliance Officer
  • Customer Service Representative
  • Internal Auditor
  • New Accounts Representative
  • Risk Manager
  • Small Business Lender
  • Teller

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Regulation GG implements the provisions of the Unlawful Internet Gambling Enforcement Act of 2006. Essentially, the regulation requires non-exempt institutions to establish policies and procedures that are designed to identify, block, and prevent unlawful internet gambling transactions.

In this session, we will dive into the requirements of Reg GG and how to identify the transactions covered under the regulation, especially in light of seeing an increase in legal online gambling transactions over the last few years.

We will provide best practices for conducting the appropriate due diligence at the time of account opening as well as monitoring for covered transactions on an ongoing basis. We will provide tools and samples to assist you in meeting your Reg GG compliance obligations long after our session has ended.

What You'll Learn

  • Understanding the activities that fall under this rule
  • Assessing Reg GG risks and updating your risk assessment
  • Reviewing policies and procedures to ensure they are up-to-date
  • Documenting appropriate due diligence at account opening
  • Best practices for identifying restricted gambling transactions
  • Discussion of legal gambling transactions and related fraud incidents financial institutions are reporting

Who Should Attend

This informational session is designed for New Accounts Personnel, Branch Managers, Loan Officers, Operations Personnel, Compliance Officers, and Internal Auditors.

Dawn Kincaid

Instructor Bio

Dawn Kincaid began her banking career while attending The Ohio State University. She has 19 years of experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized the implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits, and exams, and presented for numerous state associations.

Continuing Education Credit Information

Reg GG Compliance: It's Been Awhile has been approved for 2 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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