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Undercover Against Illegal Gambling

The seizure warrants that started bombarding the US banking industry back in June 2009 have still not abated, nearly six months later. The US federal government has really and truly begun to wage a war against the online casinos and internet gambling industry and it has started with the payment processing companies. The UIGEA’s federal ban blocks the processing of transactions between offshore online casino companies and US banks. The UIGEA has never truly been fully enforced at the bank level until this past summer. The US government shocked a lot of people with the currently bold actions of outright seizing millions of dollars worth of money that was processing through the gambling sites and into the pockets of US gamblers.

Undercover operations have been used to infiltrate the online casino gambling sites and suss out banks and which specific bank accounts are responsible for facilitating these illegal gambling activities. The problem is, some strong names in the gambling industry are now risking their reputation to operate in the US market. The federal government is truly targeting all of the payment processing methods that are cashing out winnings from online casinos to US gamblers – so what happens to the internet gamblers who currently have money in accounts at gambling sites that can no longer payout to US gamblers?

This is a tough question and one that the undercover operators have yet to really answer. Although the government is enforcing the UIGEA, it’s also seizing the money of hardworking Americans that is sitting in bank accounts for personal enjoyment from the privacy of American homes. Many of these gamblers are now facing not getting paid any time soon from the online casinos and the US federal government has nothing to say on that front – as long as the gambling sites are stopped it seems as though the government plans to keep the seized money.