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Expert Points Out Weaknesses

Although there is absolutely no doubt that the US’s internet gambling legislation, the UIGEA is highly flawed, there is yet more support coming out right now to support claims that that UIGEA does not have a strong enough structure in place to adequately ban the online casinos. In a further review of the Congressional hearing that took place at the beginning of the month, a money laundering expert in the US testified that the ban on payment transactions between US gamblers and foreign online casinos lacks a proper and effective regulatory structure.

The money laundering expert, James Dowling, is actually a former IRS agent who specializes in terrorist financing and money laundering for the White House. His testimony is incredibly strong because of his credentials, and although he is not specifically pro-online casinos, his testimony went a long way toward discounting the credibility of the UGIEA. Basically, Dowling noted that the ban on online casino gambling is so ineffective because of the vague concepts and definition of internet gambling in the first place, in addition to an unclear foundation to support enforcement of the UIGEA’s policies.

He notes that the regulations banning the online casinos would have to be a whole lot clearer and precise, but the best course of action would be a clear licensing structure that aims at specifically monitoring and controlling the internet gambling sites able to access the US gamblers. Dowling’s testimony really falls right in line with what Barney Frank and other pro-internet gambling politicians have been touting for three years now.