View Single Post
  #334  
Old 01-28-2007, 11:05 PM
sergsz sergsz is offline
Senior Member
 
Join Date: Jan 2004
Posts: 259
Default Re: Neteller Update...

[ QUOTE ]
So basically, the DOJ basically just informed the banks that XYZ Corps (actually JSA something or another and others) were really Neteller in disguise and doing business with those companies is BAD [img]/images/graemlins/wink.gif[/img]

Hence, effectively Neteller's entire current ability to make transactions with US Banks (thru intermidiaries) has been shut down by the Gov't. (for the moment)

[/ QUOTE ]

Sniper,
I don't really get this part.
1) I though the issue of banks not being able to deal with certian companies was supposed to be dealt with in the UIGA regulations, which have not been enacted yet.

2) I could see DOJ/the government pressuring banks not to allow money to be transferred TO the gambling compaines, but why would they want to prevent American citizens from getting their money back from the gambling companies?

3) If what you say is accurate, does that mean the ability to cash out by check from poker sites is on very shaky footing (i.e. can one fine day the government just tell the banks, "don't do any business with the following companies, they are intermediaries for Poker Stars," and then you are SOOL if you have money in your Poker Stars account?)