Quote:
Originally Posted by Linkster
Seems some sponsors are having a little trouble with their banks refusing to send money to Epassporte - the common reason Im hearing today is the new gambling laws in the US
|
See this is a real fricking problem that I had guessed would occur and a consequence once again of americans sleeping as their rights are chipped away. The right or wrong of the new gambling laws that republicans snuck in at the end of an unrelated bill notwithstanding; this type of behavior from banking institutions is outrageous. The law specifies the restriction on transferring funds used for GAMBLING. That means that the onus on determining the source/use of the funds is on the banks. For a bank to deny you to receive or send funds to any properly credentialed financial institution is an outrage and I don't even think they have the legal authority to do it. My guess is they are just wholesale blocking of sending funds through the likes of e-passporte as a way of avoiding having to meet the legal obligation of determining the purpose/source of the funds and as an anticompetitive means of disrupting a e-finance business model. Bad, bad, bad.
As an aside don't most just use the e-passporte debit card?