US Rules for Gambling Companies

The two agencies, The United States Treasury and Federal Reserve that work together with the US Department of Justice have initiated a process implementing the Unlawful Internet Gambling Enforcement Act (UIGEA). Thus, final steps are being taken to ensure that internet gambling is banned once and for all.

In spite of the fact that the Act was passed by Congress in 2006 and was designed to avoid any ambiguity about whether or not gambling is illegal, many banks and credit card companies have not stopped payments to illegal sites. They are waiting for the rules “to determine what procedures need to be followed”. The announcement made details those roles and calls on banks, credit card companies and automated payment system companies to have policies that do not allow illegal gambling businesses to be paid.

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About Mark Newman

Mark Newman - was born in 1971 in Pictou, a town located on the beautiful Northumberland Shore of Nova Scotia, Canada. In 1998 he graduated from Acadia University (Nova Scotia, Wolfville) with the Master’s degree in social studies. Mark simply adores his wife and sons. Considers poker to be one of the most exquisite kinds of art and rarely misses his chance of practicing.