US Fed, Treasury propose Internet gambling ban rule
1 Oct 2007
WASHINGTON -- As reported by Reuters: "Banks, credit card firms and operators of other Internet payment systems would need to establish policies and procedures to identify and block transactions with unlawful Internet gambling sites under new federal regulations proposed on Monday.
"The U.S. Treasury Department and the Federal Reserve released the proposal for rules to put into effect the Unlawful Internet Gambling Enforcement Act, which Congress passed last year.
"The proposal requests public comment by Dec. 12..."
The proposed rule can be found at http://www.treas.gov/press/releases/reports/noticeofproposedrule.pdf