any us citizens deposited into any books since dec 2009?
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of course! why not? perfectly legal,no problems at allComment -
bank wire deposit...no problems.Comment -
hmmmm!............... I dunno maybe something having to do with U.S. law which took effect as of december 2009 forbidding banks from sending money from U.S. residents to oversees gaming companies!Comment -
Gift cards?
Do any books accept **** gift 2 go cards---I got the wrong info and BJ Customer Service said they take all gift cards?
Any help is appreciatedComment -
Title VIII of the Act is also known as the Unlawful Internet Gambling Enforcement Act of 2006 (or UIGEA). This title (found at 31 U.S.C. § 5361–5367) prohibits the transfer of funds from a financial institution to an illegal Internet gambling site, specifically excluding Fantasy sports, online lotteries, and horse/harness racing.
[edit]Legislative history
The Act was passed at midnight on the day Congress adjourned for the 2006 elections. Though a bill with the gambling wording was previously debated and passed by the House of Representatives,[4][5][6] the SAFE Port Act (H.R. 4954) as passed by the House on May 4th (by a vote of 421-2) and the United States Senate on September 14th (98-0),[7] bore no traces of the Unlawful Internet Gambling and Enforcement Act that was included in the SAFE Port Act signed into law by George W. Bush on October 13th, 2006.[8] The UIGEA was added in Conference Report 109-711 (submitted at 9:29pm on September 29, 2006), which was passed by the House of Representatives by a vote of 409-2 and by the Senate by unanimous consent on September 30, 2006. Due to H.RES.1064, the reading of this conference report was waived.
Among the more prominent Congressional supporters of the Act were Jim Leach, a former chairman of the House Banking Committee and Rep. Robert Goodlatte [R-VA], who co-authored H.R. 4411 (the Internet Gambling Prohibition and Enforcement Act). Bill Frist, former majority leader of the Senate, and Jon Kyl are both credited with expediting the UIGEA's passage through the Senate. Though the SAFE Port Act's provisions related to Internet gambling were drawn exclusively from H.R. 4411, significant portions were removed, including text relating to the Federal Wire Act.[9]
A prior version of the gambling part of the bill passed the House in 1999 but failed in the Senate in part due to the influence of lobbyist Jack Abramoff.[10]
UIGEA § 5364 required that regulations be issued by the Federal Reserve and the Department of the Treasury within 270 days of the passage of the Act. In October, 2007, these agencies issued a "Notice of Proposed Rulemaking",[11] which effectively tabled draft UIGEA regulations for public comment. In response to the NPRM, four hundred and ten (410) responses were received from depository institutions, depository institution associations, public policy advocacy groups, consumers, “gambling-related” entities, payment system operators, federal agencies, and members of Congress.
The Bush administration had previously adopted the position that it would not finalize any rule subsequent to November 1, 2008. This last-minute rulemaking that binds the hands of an incoming administration is commonly termed the midnight drop.
The final regulations (termed the “Final Rule”) were finalized and released November 12, 2008, and came into effect on January 19, 2009, the day before the Obama administration took office.[12] Compliance is not required until December 1, 2009 in order to give the “non-exempt participants” an opportunity to implement the necessary safeguards and procedures.
PLEASE EXPLAIN???Comment -
For starters, the implementation has been delayed.Comment -
apparently you understand the question "Please explain" as well as you claim I understand this subject...:lamo:
Ok I see that the fed put a delay on this 20 days ago (it's not like I am that far behind the times here) but other than this how is my understanding so far off as to justify childish responses to a serious question?????Comment -
Well, assuming your thesis is even correct (that banks will identify "oversees" gambling institutions and prohibit sending them money), it still has not been implemented. Ergo, wtf does it have to do with anything?Comment -
actually it has a lot to do with everything in fact the restrictions have been in place for nearly four years now and it was not to be till recently that the bill would actually be enforced, so please make sure you understand the subject before accusing me of not understanding. You accused me of not understanding but still have yet to prove what it is that you claim I do not understand. was it simply that 20 days ago they postponed the issue till june 1st 2010?
by the way this is not a thesis this is a U.S. law that was signed by president Bush in 2006!
And to answer your question it has to do with the same topic that the December 2009 payout thread was meant to cover the question of how difficult it will or will not become to both deposit and withdraw U.S. dollars!!!!!!!Comment -
So things are gonna be the same as the last "four years".Comment -
I don't know shit about this but my question is that is it bad to deposit by debit/credit?Comment -
No better or worse than it was in November, Gonna_WinComment -
for usd, they can use moneybookers and wire transfers. moneybookers is more convenient. it's immediate! but i think most books restrict usa.Comment
