UIGEA proposal to ease financial services burden denied

The Unlawful Internet Gambling Enforcement Act of 2006 has been somewhat of a pain in lawmakers' sides. Ok, that's an understatement--it's been a big pain. First of all, the ambiguity of the definitions of how even unlawful internet gambling IS has been a big time discussion and argument across all that are involved, and beyond that, the determination of who is responsible for enforcing activity has been even more difficult.

In an article discussing the most recent proposal to outline these responsibilities, it notes that the amendment to the UIGEA to ease the burden on financial services has been summarily denied. This comes as a major blow to those like Rep. Barney Frank who are trying to break down the act and give it more teeth instead of just blanket definitions and no merit or real way of enforcing it.

The current status is that banks and financial services are charged with policing the internet activity and denying those who are doing so "illegally", but the point of the amendment was that they certainly don't have the means and the fact that there are so many workarounds that both sites and users can implement to still serve their gambling interests basically makes the financial services' responsibility a sitting duck. Where will it go from here? I agree that the financial sector should not be the ones who are burdened with this huge challenge, but the details are still so fuzzy about how to go forward I don't see how it would be done otherwise. And that is exactly the point of this tired exercise...

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UIGEA proposal to ease financial services burden denied

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