poker
Banks Think Internet Gambling Prohibition is Bad For Business
Filed in archive Internet Poker by matt on August 30, 2006
Banks Think Internet Gambling Prohibition is Bad For Business
According to Card Player, the banking community is not happy with their role in policing internet gambling deposits. Banks have recently warned politicians that if they are required to have monitor and block gaming transactions, they will be unable to keep up with other responsibilities such as helping provide national security. "ICBA recognizes the concerns that some of your colleagues have raised about Internet gambling," ICBA wrote in a letter to Senate Banking Committee Chairman Richard Shelby (R-Ala.) and Senate Judiciary Chairman Arlen Specter (R-Penn.). "We urge Congress to recognize that the nation's banks have already taken on major responsibilities to help detect and prevent terrorist financing and illegal money laundering. Attempting to monitor and block gambling transactions, particularly given the limits of the current payment technology, could detract from those efforts."
This could prove to be a big blow to the sponsors of the Goodlatte Internet Prohibition bill that is going to the Senate early next year. In my opinion, without cooperation from the banking industry, this bill has little chance of being successful.


Permalink: Banks Think Internet Gambling Prohibition is Bad For Business
Tags: banking  industry  against  internet  gambling  prohibition  poker  internet+gambling 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/34859
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for Banks Think Internet Gambling Prohibition is Bad For Business:

  • Currently 8.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 8.00 out of 1 vote(s) cast.
Subscribe
Share It
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!