2006/10/19

Neteller Confirms it WILL COMPLY with US Gambling Issue


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Complete story here. Neteller has confirmed it will comply with the US Gambling Legislation. They stopped short of saying they're not servicing US customers for gambling related transactions, though they did express that how they interact with the US Marketplace going forward will be determined when the Federal Reserve Board and the secretary of the treasury confirm the regulations that are issued and to be followed.

To quote neteller says they will "…comply with the Act and its related regulations as if it were subject to the Act's jurisdiction. This action is intended to ensure that the Company is able to continue to operate with the support of its principal commercial partners and to protect its shareholders, business partners, employees and reputation."

Mike