US takes final steps to ban online gambling
3 Oct 2007
WASHINGTON, D.C. -- As reported by The Daily Telegraph: "The US Treasury and Federal Reserve are taking final steps to ensure that internet gambling is banned once and for all.
"The two agencies, working in conjunction with the US Department of Justice, have begun a process that will implement the Unlawful Internet Gambling Enforcement Act that was passed by Congress last year.
"The legislation was designed to clear up any ambiguity about whether or not internet gambling is illegal.
"...Yesterday's announcement details those rules, calling on all banks, credit card companies and automated payment system companies to have 'policies and procedures that are reasonably designed to prevent payments being made to gambling businesses.'..."