London Times follow up: more info

[Uglyowl]

Outcry as U.S. targets city firms over online gambling

"Senior bankers and leading politicians have attacked demands from the American Department of Justice for British bankers to hand over details of their dealings with online gambling companies outlawed in the US. After calls on the British Government to spell out the limits of the US authorities’ reach, the Treasury said last night that it was monitoring the situation."

"Subpoenas have been issued by the Southern District Court of New York to at least 16 banks,"

"Alan Duncan, Shadow Trade and Industry Secretary, said: “There is growing suspicion that the US Department of Justice is using its muscle in a highly unpleasant manner, and is targeting financial institutions beyond their own shores in a way that cannot be justified. I hope the Department will stop and review its approach so that its behaviour doesn’t sour relations between us.”"




Don't let George Bush stomp on you like he has been doing the rest of the American citizens. "ashamed I voted twice for him"

[Sniper]

Can't we keep all updates on this in one thread

[1p0kerboy]

Good to see this reaction so far.

[4thstreetpete]

I always thought the US was issuing subpoenas to american institutions. How exactly are they going to muscle foreign banks to comply? This is outrageous. [img]/images/graemlins/mad.gif[/img]

[chicagoY]

Go Cornwallis!

[1p0kerboy]

[ QUOTE ]
How exactly are they going to muscle foreign banks to comply? This is outrageous.

[/ QUOTE ]

Just threaten them with a nuke. USA rules the world.

[Sniper]

[ QUOTE ]
I always thought the US was issuing subpoenas to american institutions. How exactly are they going to muscle foreign banks to comply? This is outrageous. [img]/images/graemlins/mad.gif[/img]

[/ QUOTE ]

The foreign banks have a presence in the US [img]/images/graemlins/wink.gif[/img]

[YoureToast]

[ QUOTE ]
Can't we keep all updates on this in one thread

[/ QUOTE ]

fwiw Sniper, I don't think this is a good idea IMHO. For things like this, it would be impossible to know whether there is, in fact, an update without opening the thread.

[1p0kerboy]

[ QUOTE ]
fwiw Sniper, I don't think this is a good idea IMHO. For things like this, it would be impossible to know whether there is, in fact, an update without opening the thread.


[/ QUOTE ]
Ditto.

[Richas]

More City of London lobbying spilling into the press. There are a lot of influntial people in the UK very annoyed about this.

Now I know the UK likes to think they have more influence than they do with the US gov but let this simmer for a year or two and the UK/EU will bite back.