Would have to be legislation strengthening the UIGEA and giving the go ahead to strengthen enforcement against offshores. A couple people I really respect in this area think this legislation is imminent and could be the reason why Greek left right now before football season.
Looking for further input about this. Anybody got a read on the pulse of possible legislation making it even harder to move money and play offshore?
Edit: HR 2366....the following is from http://calvinayre.com/2011/06/25/pok...-bill-hr-2366/ .So I don't know how accurate it is but it's the most I can find about hr2366.
"Speaking of grey areas, H.R. 2366 looks to tighten up the UIGEA with a few new amendments to the Unlawful Internet Gambling Enforcement Act.
The UIGEA will be amended to create a list of ineligible enterprises that will be updated every 60 days.
The list will be provided to financial institutions and administered by Financial Crimes Enforcement Network. The list will contain web addresses and the names of anyone who controls, manages, supervises, directs or owns all or part of the enterprise, financial agents, and account numbers of each of those people.
The Director of FinCEN is required to initiate investigations into all such businesses and individuals. The enterprises will be notified of their impending addition to the list. There will be an appeal process where those added to the list can contest the addition within 30 days of their inclusion. If you or your company make the list, you are automatically guilty until you can prove otherwise.
Once a company is added to the ineligible list, any transaction with anyone on the list by a US bank will be deemed to have known to have conducted transactions with an unlicensed gaming operator."
Looking for further input about this. Anybody got a read on the pulse of possible legislation making it even harder to move money and play offshore?
Edit: HR 2366....the following is from http://calvinayre.com/2011/06/25/pok...-bill-hr-2366/ .So I don't know how accurate it is but it's the most I can find about hr2366.
"Speaking of grey areas, H.R. 2366 looks to tighten up the UIGEA with a few new amendments to the Unlawful Internet Gambling Enforcement Act.
The UIGEA will be amended to create a list of ineligible enterprises that will be updated every 60 days.
The list will be provided to financial institutions and administered by Financial Crimes Enforcement Network. The list will contain web addresses and the names of anyone who controls, manages, supervises, directs or owns all or part of the enterprise, financial agents, and account numbers of each of those people.
The Director of FinCEN is required to initiate investigations into all such businesses and individuals. The enterprises will be notified of their impending addition to the list. There will be an appeal process where those added to the list can contest the addition within 30 days of their inclusion. If you or your company make the list, you are automatically guilty until you can prove otherwise.
Once a company is added to the ineligible list, any transaction with anyone on the list by a US bank will be deemed to have known to have conducted transactions with an unlicensed gaming operator."
