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CURACAO BANK UNDER PRESSURE

Discussion in 'Casino Industry Discussion' started by Mousey, Mar 30, 2007.

    Mar 30, 2007
  1. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    I found this at this website. You must register/login in order to see the link. I have been unable (so far) to verify or find another source.

    CURACAO BANK UNDER PRESSURE

    Corresponding US bank pulls the rug on Internet gambling transactions

    Yet another manifestation of the far-reaching implications of the US Unlawful Internet Gambling Enforcement Act came to notice this week with the news that Curacao-based Giro Bank, which has hitherto been prepared to handle online gambling transactions, has been threatened.

    Letter from Giro to its clients advised that its (unnamed) corresponding US bank had threatened to sever relationships unless the online gambling aspect of Giro's business was abandoned.

    It is unknown if other banks in the region have been similarly threatened.
     
    3 people like this.
  2. Mar 30, 2007
  3. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    It's true - it's an InfoPowa report, Mousey.
     
    1 person likes this.
  4. Mar 30, 2007
  5. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    LOL... Sorry, Jetset... :thumbsup:

    The long arm of the USA DoJ storm troopers continues to amaze and stupify me...
     
  6. Mar 30, 2007
  7. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    No problem :thumbsup:

    And I agree with you - the US enforcement folks seem to have intimidation and *suggestion* down to a fine art, scaring companies out of their wits yet hardly ever having to take them into court.

    In this case I guess Giro's corresponding bank in the US was simply anticipating the UIGEA regs and playing it safe anyway.
     

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