vinylweatherman
You type well loads
- Joined
- Oct 14, 2004
- Location
- United Kingdom
This may not be so easy for them today, as consumer law should protect customers who have fallen victim to fraud as it is the fault of the business that a fraudster was able to utilise their services in the pursuit of a crime. It may well be possible to sue for damages equivalent to the lost winnings due to the way they originally handled the fraud.
This probably won't help much for the past, but may well help UK players under the new regime as Cassava have a separate UK licence, and it has been noted that UK players are bound by a different and "less rogue" set of terms than the rest, so they are clearly aware that there are things that they cannot get away with under UK laws that they can freely get away with in Gibraltar. It's the result there of being such a huge employer in such a small country that they have "blackmail" like power over the government. If the government there push too hard, Cassava can simply threaten to leave for an alternate jurisdiction, taking thousands of jobs and significant revenue with them.
HSBC have just tried this form of "blackmail" on the UK government because they are not too keen on some of the proposed regulatory measures designed to curb excesses that are STILL taking place in spite of the near collapse of the Western banking systems in 2008. HSBC came under fire for actively getting involved with tax avoidance schemes, and are objecting to new proposals designed to make such activity more or less impossible in the future, this is despite the fact that they have amply demonstrated that the current regulations were clearly insufficient, and that the banks could not be trusted to behave responsibly without the straitjacket of regulation.
This probably won't help much for the past, but may well help UK players under the new regime as Cassava have a separate UK licence, and it has been noted that UK players are bound by a different and "less rogue" set of terms than the rest, so they are clearly aware that there are things that they cannot get away with under UK laws that they can freely get away with in Gibraltar. It's the result there of being such a huge employer in such a small country that they have "blackmail" like power over the government. If the government there push too hard, Cassava can simply threaten to leave for an alternate jurisdiction, taking thousands of jobs and significant revenue with them.
HSBC have just tried this form of "blackmail" on the UK government because they are not too keen on some of the proposed regulatory measures designed to curb excesses that are STILL taking place in spite of the near collapse of the Western banking systems in 2008. HSBC came under fire for actively getting involved with tax avoidance schemes, and are objecting to new proposals designed to make such activity more or less impossible in the future, this is despite the fact that they have amply demonstrated that the current regulations were clearly insufficient, and that the banks could not be trusted to behave responsibly without the straitjacket of regulation.