A report by the American Banking Association (ABA) that is negative on the current Unlawful Internet Gambling Enforcement Act (UIGEA) makes at least three key points on why UIGEA is unenforceable. Quoting from the report:
“(1) the definition of unlawful Internet gambling in the Prohibition leaves the vague definition of the Act uncured and therefore renders compliance virtually impossible;
“(2) the intractable problem of identifying or intercepting cross-border gambling activities and tainted correspondent relationships has not been adequately solved by the proposal; and
“(3) the uncertain standard for knowledge that triggers blocking is too indefinite to be practically operative.”
UK online bingo halls and operators of online bingo games in the US were badly hit by the arrival of UIGEA late in 2006 and, quite frankly, we would all like to see it go away as soon as possible. What the banks are saying through the ABA is that they are very dubious of having to become the virtual police force responsible for enforcing UIGEA. This is what the proposed UIGEA regulations imply will be the case.
For the bingo online industry, it’s quite significant that the financial sector may turn out to be our best bet for a return to the US market and the dismantling of UIGEA. Let’s hope they stick to their guns and continue to resist this destructive piece of legislation.
Written by Bingo Lady
Posts
No comments:
Post a Comment