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Old 09-16-2006, 03:33 AM
Uglyowl Uglyowl is offline
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Join Date: Nov 2002
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Default Re: So worst case scenario with banks still no biggie?

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This is not an "unneeded restriction". This is the law, and banks are not going to break the law in hopes of getting extra business. They are a pretty highly regulated industry and will comply with these new regulations. Banks dont want to have to enforce this, but if this does become law they will enforce it 100%.

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In a proposed law I don't think the government would label Neteller a gambling site, at best it would be a very loose interpretation. That being said, neither would banks.

I am saying they aren't going to run around like a chicken with it's head cut off blocking everything that "could be" a gaming transaction.

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You have absolutely no basis whatsoever for believing any of this. You're just pulling it out of your rear-end. LOL

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Do you really see a list like coming out for online gambling?

OFAC list

Although necessary, the additional costs to uphold this are enormous! I just can't see a gambling version at this point in time.

There will be some very very negative effects for consumers (I am talking even about non-gambling consumers) if this happens.

I am not pulling this out of my rear end, but rather banking compliance publications.
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