Regulations are out - Page 4

Mendacious · #31 10-01-2007, 04:44 PM

From the snippets of the act I read...this seems like a big F.-off to Congress on Enforcement of the crud.

Tofu_boy · #32 10-01-2007, 04:45 PM

WIll PP comeback to US now?

meleader2 · #33 10-01-2007, 04:53 PM

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WIll PP comeback to US now?

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Edited by Berge

Orlando Salazar · #34 10-01-2007, 04:56 PM

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WIll PP comeback to US now?

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Edited by Berge

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That's just mean.

Skallagrim · #35 10-01-2007, 04:59 PM

Havent had time to read the regs yet, I will in the next couple of days and post more.

But one thing is pretty clear, if no one in the Federal Government is going to take the time to actually identify who is and who is not engaged in unlawful internet gambling, the banks wont. In working for a friend/company earlier this year trying to figure out what poker players from what states could have their money transfers affected/made illegal by the UIGEA - I, a lawyer, spent over 150 hours (at least) and the answers were still unclear in the majority of states. And my research was limited to poker.

25 hours compliance time - BS! Thats one comment I will definitely post.

Skallagrim

JPFisher55 · #36 10-01-2007, 05:04 PM

I think that most banks will add a condition to their commercial customer, bank relationship and foreign bank relationship agreements that the other party not knowingly originate or receive a restricted transaction and that the other party not contract or affiliate with a business known by the other party to originate or receive restricted transactions. Could we comment that this example be sufficient to comply with the regs?

Also, D$D, I really enjoyed the comment about the cost of drafting the regulations. ROFLAO

Halstad · #37 10-01-2007, 05:08 PM

http://www.compatiblepoker.com/usa.php#usapokerupdates

Commenting period is only until Oct. 12...wtf?

Edit: Just read the press release and it says Dec. 12.

jaminbird · #38 10-01-2007, 05:09 PM

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WIll PP comeback to US now?

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I JUST DEPOSITED ON PP! IT WORKS!

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LeapFrog · #39 10-01-2007, 05:11 PM

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WIll PP comeback to US now?

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one time! I need a big loan from the donk zone

Question:

I am scanning the document and noticed this:

DATES: Comments must be received on or before December 12, 2007.

Does the document mention how long the comment review/reg modification period will be?

LeapFrog · #40 10-01-2007, 05:13 PM

[ QUOTE ]
http://www.compatiblepoker.com/usa.php#usapokerupdates

Commenting period is only until Oct. 12...wtf?

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hmm the pdf states Dec 12th