Internet gambling, credit cards and money laundering

Internet gambling, credit cards and money laundering Contrasts the approaches to offshore Internet gambling taken by the UK and the USA: the Budd Committee recommended that it be permissible under license in the former, but it is arguably illegal for an offshore operator to accept wagers from the USA ‐ and most gaming sites are well outside the USA. Discusses a number of US legal cases, many of them involving the Racketeer Influenced and Corrupt Organizations Act (RICO): State of New Jersey v RoyalclubCasino.com et al, In Re Gaming Lottery Securities Litigation, Providian Bank v Haines, Jubilirer v MasterCard International, Reves v Ernst and Young, Marino v American Express, Buchal v 3748472 Canada Inc, US v Cohen, In Re MasterCard, US v Truesdale, US v Dennis and Joseph Atiyeh, United States v $734,578.82 in United States Currency. Suggests that the Statute of Anne might be used to minimise Internet gambling by Americans, but concludes that it is doubtful whether Internet gambling can be prohibited and that a licensing system may be practicable. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Money Laundering Control Emerald Publishing

Internet gambling, credit cards and money laundering

Journal of Money Laundering Control, Volume 6 (1): 9 – Jan 1, 2003

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Publisher
Emerald Publishing
Copyright
Copyright © 2002 MCB UP Ltd. All rights reserved.
ISSN
1368-5201
DOI
10.1108/13685200310809428
Publisher site
See Article on Publisher Site

Abstract

Contrasts the approaches to offshore Internet gambling taken by the UK and the USA: the Budd Committee recommended that it be permissible under license in the former, but it is arguably illegal for an offshore operator to accept wagers from the USA ‐ and most gaming sites are well outside the USA. Discusses a number of US legal cases, many of them involving the Racketeer Influenced and Corrupt Organizations Act (RICO): State of New Jersey v RoyalclubCasino.com et al, In Re Gaming Lottery Securities Litigation, Providian Bank v Haines, Jubilirer v MasterCard International, Reves v Ernst and Young, Marino v American Express, Buchal v 3748472 Canada Inc, US v Cohen, In Re MasterCard, US v Truesdale, US v Dennis and Joseph Atiyeh, United States v $734,578.82 in United States Currency. Suggests that the Statute of Anne might be used to minimise Internet gambling by Americans, but concludes that it is doubtful whether Internet gambling can be prohibited and that a licensing system may be practicable.

Journal

Journal of Money Laundering ControlEmerald Publishing

Published: Jan 1, 2003

Keywords: Credit cards; Gambling; Internet; Money laundering; United States of America; Licensing; Regulation; Legal decisions

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