WASHINGTON (5/25/10)--The Credit Union National Association (CUNA) this week will address the myriad questions regarding the pending Unlawful Internet Gambling Enforcement Act (UIGEA) regulations during a May 27 audio conference. The UIGEA regulations, which will become effective on June 1, will require credit unions and other financial institutions to establish and implement policies and procedures to identify and block restricted internet gambling transactions, or rely on those procedures established by the payments system. During the audio conference, CUNA’s director of compliance information Valerie Moss and CUNA Mutual Group’s Ann Davidson will cover how credit unions can create disclosures or addendums to their membership agreements, how to identify the ACH-related risks that UIGEA presents, and examine how to avoid potential risks to card programs. Basic staff training on the rules of UIGEA will also be covered during the conference. The Federal Reserve late last week issued its own guidance for examiners ahead of the UIGEA implementation date. To view the Fed release and sign up for CUNA’s audio conference, use the resource links.