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  1. 01-17-07 10:19 PM #1
    Korchnoi
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    Default They can prevent E-Checks!

    Financial institutions should be aware that Internet gambling operations may be contrary to existing federal or state law. Knowingly originating or processing *************** entries on behalf of companies that are directly involved in, or companies that facilitate,illegal Internet gambling involves legal risk for ODFIs and merchant processors.

    Operations Bulletin - Internet Gambling Transactions - January 16, 2007 http://www.nacha.org/***************_Rules/***************_rules.htm
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  2. 01-17-07 10:22 PM #2
    Justin7
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    There are no guidelines to identify gambling operations. Until that happens, banks won't turn down any E-checks unless it is obvious.
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    File a sportsbook complaint  
  3. 01-17-07 10:28 PM #3
    Korchnoi
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    Quote Originally Posted by Justin7
    There are no guidelines to identify gambling operations. Until that happens, banks won't turn down any E-checks unless it is obvious.
    Perhaps the Govy will circulate a list. Eventually the sources will be identified. The framework is in place to stop it all.
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  4. 01-17-07 10:31 PM #4
    tblues2005
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    With all the different books out there that might be hard to do and with all the different names that you could put it under also. It's not going to be easy for the government to do that and it will cost them lots of money to do it which they don't want to spend.
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  5. 01-17-07 10:33 PM #5
    Korchnoi
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    Quote Originally Posted by tblues2005
    With all the different books out there that might be hard to do and with all the different names that you could put it under also. It's not going to be easy for the government to do that and it will cost them lots of money to do it which they don't want to spend.
    Well they can check SBR to get the top books. Wipe out the top 10 or so, and I, for one, would no longer bother.
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  6. 01-17-07 10:37 PM #6
    tblues2005
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    They could but I think that these books are not stupid and they will find a way to make deposits, I always say if there is a way they will find it.
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  7. 01-17-07 10:38 PM #7
    tblues2005
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    I just got an email from Bet Jamaica and they told me they are coming out with a DC next week and you can make deposits on it he said, I will keep you informed when I get more info about it.
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  8. 01-17-07 10:51 PM #8
    Korchnoi
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    Quote Originally Posted by tblues2005
    I just got an email from Bet Jamaica and they told me they are coming out with a DC next week and you can make deposits on it he said, I will keep you informed when I get more info about it.
    I'd hate to own stock in the bank that supports that DC.
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  9. 01-17-07 10:55 PM #9
    tblues2005
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    Its probably a bank in Jamaica that they are setting up an account with and you can deposit into it through either ********** or **, I think there is a limit you can put on to it but I am not sure. I am sure that the bank is privately owned also, so they don't have a stock. This is what they are leaning towards I think to get around the system. They will get back with me on it and they told me that as a US citizen you can have account at that bank if you send a copy of your id to them I think.
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  10. 01-17-07 10:56 PM #10
    Korchnoi
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    Quote Originally Posted by tblues2005
    Its probably a bank in Jamaica that they are setting up an account with and you can deposit into it through either ********** or **, I think there is a limit you can put on to it but I am not sure. I am sure that the bank is privately owned also, so they don't have a stock. This is what they are leaning towards I think to get around the system. They will get back with me on it and they told me that as a US citizen you can have account at that bank if you send a copy of your id to them I think.
    Sounds like the best option so far.
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  11. 01-17-07 11:00 PM #11
    tblues2005
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    I think your exactly right, I know these books have to be a step ahead and they are a step ahead, I think they had this in the works for a while now, their not dumb at all, I wouldn't be surprised if their CEO was in Brazil or Argentina where there is no extradition to the US. I know that is where I would be at.
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