
16th December 2007, 04:11 PM
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Resident Rodent
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Join Date: Sep 2004
Location: Up$hitCreek
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Woohoo! You GO Mary Dunn!!
Quote:
One solution that would promote regulatory simplicity while assisting institutions to comply is contained in HR 2046, the Internet Gambling Regulation and Enforcement Act, introduced by House Financial Services Committee Chairman Barney Frank. This bill would require Internet gaming businesses to be licensed and pay user fees to the Financial Crimes Enforcement Network (FinCEN).
We can envision that under this measure a list of licensed gambling enterprises could be developed for use in identifying and blocking transactions for Internet gambling entities that are not on the list.....
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