maybe some good news finally

[xpanda]

I dont disagree with that statement. But with out a law in place the banks dont have to enforce anything...

That may be true.

However, we haven't even seen the new regulations and already we are seeing banks jump thru hoops to be compliant. People are posting that their accounts are being closed, they can't cash cheques, and of course there is the common belief that NETeller can't move Yankee money because they can't find a US processor to do it.

I don't mean to be so pessimistic, and I do think long-term the whole thing will find its way clear, but for right now the situation is that banks are doing what the DoJ wants them to do without any formal or funded law to follow. That's the reality of it.

Now, a company like YouTeller or whomever can probably find a way to get around US banks and processors and will make a good NETeller alternative. But let's not pretend that they are operating within (perceived, yet-to-be-challenged) American law or that they are somehow exempt from prosecution as things currently stand. They can open, and they can serve the US market, but they can't go visit sunny Florida any time soon.

 

[Sugarbear]

Also, the banks made sure there will be no criminal or civil penalties against them as long as they prove they tried to enforce the law.

Later on, I will go over to MW and import my compliance piece I did for the banks and what it will take the feds to do in order to bring uniformity to the issue.

For now MNA is right in the fact that the feds can cherry pick this bank or that, but its impossible for them know everything all the time and thats why the paperwork, much like 6A, SARS and CTR has to be developed.

Its the only way they can proved the tried to stop someone.

 

[Sugarbear]

Xpanda its on a case by case basis right now that this is happening and the banks are jumping thru hoops because I believe the DOJ believes that in short order they very well may not have this law to terroize its own citizens with, so they have to do something now. They cant keep it up forever.

I am not so confident in the short term as I am in the long, but its a race right now and whenever they do a budget for this country (current emergency one expires 2/15) UIGEA will be the red herring of the whole proceedings. Very much like on the scale of the mid night basketball leauges that held this countrys budget up for 6 weeks back in 94.

 

[Dr.Knowitall]

Barney Frank chairs the finance committee. There's a better chance of him funding cocaine growth and importation than this law.

But anyways - yes, the DOJ contends you can break US law by doing something illegal with US citizens (Neteller). But if you dont come here, nothing happens to you. I never meant the DOJ did not think they were subject to US law while in the UK or Canada.. I just meant they werent subject too it since they were sitting on a beach with $$$ instead of in jail.

If you set up a child prostitution ring somewhere where it is legal and you invite Americans there, you better believe it they will arrest you when you come back to the States (And they should!)

But the bottom line is, if you stay somewhere where it is legal to gamble, you are fine.

There has not been 1 arrest of any gambling related person in any country where online gambling is LEGAL.

Sean

Sean your wrong! There have been arrests in other countrys, but they have not been made public. And it happened in a country that you would not think it could happen.

Interpol can arrest you anywhere. That is why it was started in the first place. 1 thing interpol will arrest you for is money laundering and that is why the person or person's was arrested. And he was a bookmaker.

I was there. And I will not tell you where or when it happened except it happened in the last 10 years and it happened in south or central America in a country that has NO extradition treaty with the U.S.A.

How can that happen all you will say? Well it did and I witnessed it. So don't tell me it can't happen! That is also the single reason I am in Las Vegas right now. Because I know the U.S.A. can go into any country and bring back a person it wants.

I only post this so some people with a brain can don't get confused with all this talk about what the U.S. can do and what they can't do.

The reason they wait until they come to America is because that's the easy way of arresting them. Right now they have to wait till the law goes into effect before they start going into other countrys and stop these illegal bookmakers.

Do you think Costa Rica will tell the U.S. Goverment they can't arrest these people? The Costa Rica Goverment will fold like a house of cards the second the U.S. says it's had enough.

Payoffs are an American pastime and why wouldn't they offer Costa Rica something to help them shut down these books. Soon they might not even have to pay them off. They will just be able to do it soon without Costa Ricas consent.

Money laundering is a moth*rFuc%er!!!!!

 

[Dr.Knowitall]

How long do you think the agent off shore set ups are ging to continue? any feeling for that? TIA heart222

They will still try, but I'm really worried about these new spying laws that can be used against our own citzens. It is quite possible to keep going on and there are alot of books that will keep open doing this. This type of bookmaking will be much harder to stop.

 

[CAPNCRUNCH]

Sean your wrong! There have been arrests in other countrys, but they have not been made public. And it happened in a country that you would not think it could happen.

Interpol can arrest you anywhere. That is why it was started in the first place. 1 thing interpol will arrest you for is money laundering and that is why the person or person's was arrested. And he was a bookmaker.

I was there. And I will not tell you where or when it happened except it happened in the last 10 years and it happened in south or central America in a country that has NO extradition treaty with the U.S.A.

How can that happen all you will say? Well it did and I witnessed it. So don't tell me it can't happen! That is also the single reason I am in Las Vegas right now. Because I know the U.S.A. can go into any country and bring back a person it wants.

I only post this so some people with a brain can don't get confused with all this talk about what the U.S. can do and what they can't do.

The reason they wait until they come to America is because that's the easy way of arresting them. Right now they have to wait till the law goes into effect before they start going into other countrys and stop these illegal bookmakers.

Do you think Costa Rica will tell the U.S. Goverment they can't arrest these people? The Costa Rica Goverment will fold like a house of cards the second the U.S. says it's had enough.

Payoffs are an American pastime and why wouldn't they offer Costa Rica something to help them shut down these books. Soon they might not even have to pay them off. They will just be able to do it soon without Costa Ricas consent.

Money laundering is a moth*rFuc%er!!!!!

Alot of stuff people don't know about our government does.....and gets away with. Most people do not WANT to know.

 

[Dr.Knowitall]

Also do you think the Costa Rican Goverment is filled with a bunch of fools? They know exactly why the bookmakers showed up in their country. They are letting them go for now, but how long will that stay that way if the U.S. makes the movement of money in and out of the country for gambling illegal?

Sorry but until anyone here can guarantee that we are safe in another country then I will not be sending anyone money and I'm not bookmaking out of their country either. These Countrys know we are illegal and are just letting us open up for business. For the time being!

 

[Whoson1st]

Also, the banks made sure there will be no criminal or civil penalties against them as long as they prove they tried to enforce the law.

Later on, I will go over to MW and import my compliance piece I did for the banks and what it will take the feds to do in order to bring uniformity to the issue.

For now MNA is right in the fact that the feds can cherry pick this bank or that, but its impossible for them know everything all the time and thats why the paperwork, much like 6A, SARS and CTR has to be developed.

Its the only way they can proved the tried to stop someone.

ONE PERSON GETS MY POINT!
The BANKS made sure!

You can't get much bigger than Banks !

 

[nimue77]

No, he is saying the u.s. has no way to do anything to the founders of this company if they don't step foot in the united states. Most they could do is try to get britain to turn them over.

So we are suggesting that the NETeller guys were somehow subject to US law only because they used a processor in the US and not because they took money from Americans and moved it to gambling sites on their behalf?

That's not how the charges read to me...

 

[Whoson1st]

My Friends and fellow Americans...

I don't know how old the average age of readership is here, nor how much background they may have in the United States history; etc etc. So, when making a "blanket statement" ( covers all--i use the word blanket to cover EVERYBODY).

Let me be clear about ONE thing. Everything today is subject to review by lawyers. That in and of itself is why we are in this situation. THEY make MONEY when there is confusion and get to represent you or me in a court of "law". It's not a bad profession in and of itself, (plently of decent folks there) but it has clearly run "amuck". Our fouding fathers did NOT intend for US lawmakers to be professionally elected and to serve constant and MULTIPLE terms. They wanted it to be the "common man". But today throughout this great land our choices have become limited to whichever big money interest that is offered.
Folks--please wake up and when whatever election is available to you at whatever city or state or federal level there migh be--do NOT vote for any incumbant!
They are exactly what the founding fathers did NOT want--"BOUGHT and PAID FOR"!!

Bought and Paid for?
Do you think that is what our founding fathers had in mind?
If it takes a lawyer to EXPLAIN it---it's simple--it's CROOKED!

 

[Dr.Knowitall]

http://www.jointterrorismtaskforce.com/

read it and weep

 

[Sugarbear]

http://www.majorwager.com/forums/mess-hall/78432-update-neteller-position-2.html?highlight=regs




I thought I wrote up my no regs, but paperwork of compliance in one piece. That was not the case, but my points are in here. This includes banks closing indivual accounts like I thought they would. Much of what I said is holding so far.

 

[PointGiven]

Also do you think the Costa Rican Goverment is filled with a bunch of fools? They know exactly why the bookmakers showed up in their country. They are letting them go for now, but how long will that stay that way if the U.S. makes the movement of money in and out of the country for gambling illegal?

Sorry but until anyone here can guarantee that we are safe in another country then I will not be sending anyone money and I'm not bookmaking out of their country either. These Countrys know we are illegal and are just letting us open up for business. For the time being!

and what...you dont think the governmnet in costa rica isnt getting kick backs from these operations??

money talks bro.....now as far as dealing with american banks to deposit and withdraw....thats a no go

but to say their own government would shut them down??.....I dont think so.....go read up on what these operations do for the "economy" in the various offshore places that deal with online gambling

the legit books that dont operate on US soil arent going ANYWHERE

even if the USA decides to make it legal.....they will always be there:howdy:

 

[Dr.Knowitall]

The money that the books add to the economy is very little in the overall picture of these countrys and you know that. Stop pretending these books are helping these poor countrys. That's laughable!

There are no ligit books that deal to U.S. customers. It's illegal for us don't you remember?

 

[JackStraw77]

Any company that comes in to replace Neteller for US citizens will make it harder for US citizens to get their money from Neteller. The DOJ will just say
screw the people that already have money in Neteller. If we can't control third party processing companies atleast we can take solace that those that had their money in Neteller will never receive it.

 

[The_Man]

this wont work for americans as banks wont take it plain and simple.

 

[Woody0]

This makes no sense to me...

"We have no overseas branch in a NAFTA-country like Neteller or Citadel, so we are not affected by US legislation," underlined Schweitzer. YouTeller is part of an international lobbying task force that works on the issue 'worldwide online payments' with the World Trade Organisation (WTO) and the European Union."


If they transfer money for US citizens to (illegal) internet gambling companies, then they are breaking US law, no?

I think you have to recognize that this is a piece of PR fluff put out by a company that has not yet started its business.

I put back the entire paragraph with the WTO & EU reference. I think its basically a wish for change in the international business climate regarding gaming services.