| Posted by: Jetset at June 30, 2003, 12:38 pm | | Topic: Global-player withdrawal problem Forum: Winner Online |
Global Player has ery kindly provided the following legal justification for their actions here.
However, we have been unable to find therein any authority for suspending a payout, and perhaps even more worrying is the apparent absence of any timeframes or constraints.
If you link those two it becomes a player concern - a transaction could be suspended until the Antiguan authorities consider the report and (presumably) authorise a payout. We know that some of these authorities can be pretty laid back, so theoretically a player could be waiting for ages to get his or her money if a casino decides that their transaction is "suspect". Meanwhile the casino continues to hold the cash.
It has potential for abuse by the more unscrupulous elements in the business.
"Our secruity procedure is based on the:
ANTIGUA AND BARBUDA
REGULATIONS CONCERNING
INTERACTIVE GAMING AND INTERACTIVE WAGERING
ARRANGEMENT OF REGULATIONS
Part XVI
DUTY TO REPORT SUSPICIOUS ACTIVITIES
186. In the event a licence holder, or an agent of a licence holder, becomes
aware or reasonable suspects, that there is a fraudulent or suspicious
transaction which may involve money laundering, or an activity similar to
money laundering the licence holder or its agent shall within twenty-four
(24) hours or as soon as practicable, report in writing the suspicious
activity to the Supervisory Authority, or other appropriate officer,
designated under the Money Laundering (Prevention) Act No. 9 of 1996. The
licence holder or its agent shall also report the fraudulent or suspicious
transaction to the Authority within twenty-four (24) hours or as soon as
practicable. The Authority may suspend or revoke the licence of any person
who fails to comply with this regulation"
[This message has been edited by Jetset (edited 06-30-2003).]
|
| |
Similar entries:
Global Player 's NON-RANDOM Blackjack Winners...
Holy @#$% Global Player bites the dust!
Global Player Blackjack Tournament Results
Standard casino tournaments online?
Global Player 's NON-RANDOM Blackjack Winners...
Blackjack Tournament
RTG Speaks Out
Global-player withdrawal problem
Holy @#$% Global Player bites the dust!
The good and the bad of online Video Poker
|
|
Casino Classic
Get $500 free on the house!
Categories:
free gambling poker tips baccarat roulette poker chips playing cards casino poker texas holdem poker blackjack slots poker chip sets betting free online poker online poker poker tables online gambling casino bonus internet casino poker rooms craps
Links:
Movie Talks
Forum Extractor
|