legal
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Joined: 18 Aug 2004
Posts: 510
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 Posted: Fri Aug 07, 2009 2:18 pm Post subject: Online Gambling and Money Laundering |
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WELCOME!
Online Gambling and Money Laundering:
*More about the U.S. money laundering bureaucracy.
View the 81-page money laundering threat assessment released by the U.S. Treasury Jan. 11/07.
A search of the term, 'gambling,' reveals 10 hits beginning at p. 34. Here's the first:
| Quote: | | Individuals wanting to shop online or participate in an online auction can use an existing bank account, credit card, wire transfer, money order, and even cash to fund an account with an online intermediary that will facilitate the payment. Some online payment services exist to facilitate transactions for online gambling and adult content sites that U.S.-based money transmitters typically will not service.61 U.S. citizens can access payment services online that are based outside of the United States and transfer funds either electronically or by mail. |
Here's an excerpt from the accompanying one-page Money Laundering Assessment Fact Sheet:
| Quote: | Office of Terrorism and Financial Intelligence (TFI) (emphasis added)
• Office of Terrorist Financing & Financial Crime (TFFC)
• Financial Crimes Enforcement Network (FinCEN)
• Office of Intelligence and Analysis (OIA)
• Office of Foreign Assets Control (OFAC)
• Executive Office for Asset Forfeiture (TEOAF) |
Link to this entry
http://pokerpulse.com/legal/viewtopic.php?p=675#675 |
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legal
Site Admin
Joined: 18 Aug 2004
Posts: 510
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| Posted: Fri Aug 07, 2009 2:29 pm Post subject: |
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U.S. using banks to police online gambling, banks balk:
The Independent
City firms caught in FBI gaming inquiry
By Karen Attwood
Jan. 22/07
| Quote: | At least 16 investment banks, law and accountancy firms have been subpoenaed by the US Department of Justice (DoJ) to hand over any documentation connected with the online gaming industry. City sources said it is clear the DoJ is trying to build a case against individuals who have benefited from the industry, particularly the founders of online betting companies... HSBC, JPMorgan, Credit Suisse, Dresdner Kleinwort, Investec and Deutsche Bank are understood to have been issued with official requests for information as part of the worldwide crackdown on Internet gambling.
... One source said 16 banks had been targeted, but another believed it involved many more."This is a trawl for information," he said. "People are being targeted. They are trying to get information out of witnesses in the UK. What is unusual is the fact that they are extending their jurisdiction to the UK, to anyone that has been involved with operations here."
... Business leaders expressed surprise at the latest developments. David Frost, director general of the British Chambers of Commerce, said there was a feeling among industry chiefs that it was getting more difficult to do business with the US. "There has been the issue of * steel import tariffs, more recently the heightened security measures, and demands to hand over the details of credit card transactions," he said. "You get the feeling that the US doesn't want to do business, or is certainly making it more difficult to do business, with the UK. I don't see any measures where it is actually becoming easier[/size]." (emphasis added) |
Link to this entry
http://pokerpulse.com/legal/viewtopic.php?p=676#676 |
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