The year given to the US Treasury, Federal Reserve, and financial institutions to prepare for the implementation of the UIGEA online casino ban has barely a week to run, and apparently the law will go into effect. Despite requests by a number of lawmakers to delay the law against online gambling payment processing, there has been no move by Treasury officials to delay the activation.Barney Frank not only is prominent among those asking that Congress be given extra time to consider the measure, which never was properly debated after being slipped onto a Homeland Security act, but he also has authored a bill extending the implementation back a year. But the bill hasn't been able to advance to committee while more pressing economic issues dominate.
The December 1st beginning of institution of the UIGEA hasn't impeded the Department of Justice from citing the law against online casinos and their payment processors, anyway. All year, US Attorneys under Eric Holder have been seizing bank accounts using the ban as part of the legal attack package.
The tightening of Internet censorship against online gambling comes at an ironic time, as President Obama speaks in China concerning the need for Internet freedom. However, Obama's DoJ has not reflected the values the President extolled in his campaign, during which Internet freedom was a top topic.
Frank's bill proposing regulation and licensing of online casinos may still render the UIGEA moot. But the task to devise systems for financial companies to comply may leave lingering results, even if regulation is passed, as private companies choose to err on the side of caution if gambling becomes an even more confusing issue.
Published on November 21, 2009 by A.J.Maldonado
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[Source: UIGEA News]
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