US Government Proposal Concerns Online Poker Players

Poker Legislation | estimated reading time
2010. October 01.
A US Government proposal of recording all international electronic money transfers, even below $10,000, is now one of the main concerns of US online poker players. If banks report such transactions on a weekly basis, it will render transferring deposits and payouts between players and off-shore poker rooms impossible.
According to Financial Crimes Enforcement Director James H. Freis Jr, the chief goal is nothing more than aiding law enforcement: “By establishing a centralized database, this regulatory plan will greatly assist law enforcement in detecting and ferreting out transnational organized crime, multinational drug cartels, terrorist financing and international tax evasion.”

International Transfer NO

With online gambling still yet to be legalised in the US, it is a main worry of the community that this is a means for the government to get to the players instead of the providers out of their reach: “If you transfer money to a company that is now linked to money laundering, you run a real risk of becoming entangled in any legal prosecution of that entity if your name is associated with it. And now any financial association I have with that accused company will be transparent for the gov’t to see,” as we can read it from a poster on 2+2.

Although it seems somewhat far-fledged that the government has the online poker players in mind when proposing something like this, it is indeed a way of eliminating their possibilities – at least as long as a regulation is passed.
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