Re: Interesting Funding Idea from Sportsbook.com
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There'd be no problem with that as long as the foreign bank is willing to openly violate US law. And that goes back to how aggressive the feds will be at enforcing this law.
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The law the foreign banks would be "openly violating" would be banking regulations requiring that transactions be coded and screened. Maybe the U.S. banking industry is going to roll over and spend their own money doing this but I don't see many overseas banks doing so. Quite possibly I just don't understand how international banking works but this sounds pretty unlikely.
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