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Ive been reading it a while, it seems to back off quite a bit from the orig as to what is NOT allowed.. interesting
Basically, its trying to do what most banks are “Trying” to do now. Catching some, but not all. It’s a cat and mouse game; always will. All 50 pages are basically something they (Treasury Department) had to put release according to the UGIEA. It reads like it too; Half Hazard, and try to do your best to stop them.
Good Luck
Casino Gambling Web has already released an article with the first analysis of the regulations, if anyone would like to read them they can go to the following link…
The costs of implementing a list by the US government to deem certain transactions as unlawful Internet gambling transactions for the banks to use as a guideline were deemed by the Treasury to be ‘significant’.
Interesting perspective from a totally non legal person lol- http://www.worldgamblingnews.com/2007/10/uiega-update-us-trying-to-step-away-from-harm/
I don’t think I have ever read anything more vague…
Here is the take from the G&C news team:
