No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Time For for Congress to federally legalise online gambling
Thursday October 4,2013 : AMPLE PRECAUTIONS TO STOP MONEY LAUNDERING IN INTERNET GAMBLING
Financial chief says it’s time for Congress to federally legalise online gambling.
The Washington political newspaper The Hill carried an op-ed article Thursday written by Chris Thom, chairman of Secure Trading, Inc and for eleven years the main man on risk matters at MasterCard.
In the piece Thom says it’s past time for Congress to come up with a federal solution to online gambling, and that modern technology enables operators to minimise the risk of money laundering.
Thom notes that Delaware, Nevada and New Jersey have already legalised some form of online gambling, and that at least a dozen additional states are considering joining the action.
"Internet gambling is here to stay," he asserts, adding that millions of Americans can and do participate in all forms of Internet gambling every day in an unregulated, uncontrolled environment ruled by offshore operators.
"The big question remaining unanswered is whether all forms of Internet gambling are going to be properly regulated at the federal level, or will we end up with a patchwork of inconsistent state laws that fail to protect every American?" he asks.
Thom nails his colours to the mast in urging politicians to embrace a federal solution to avoid what he says could be a "regulatory race to the bottom," among individual states.
Referring to the oft-quoted political reservations on the ability to launder money through internet enterprises, Thom says:
"I know from first-hand experience that it is possible to regulate Internet gambling in a way that prevents criminals or terrorists from laundering money and protects consumers from fraud."
He opines that the risk of these evils can be controlled when financial institutions, in partnership with licensed operators, are required to vet origins of transactions, track cross-border movement, report suspicious as well as large transactions and deploy secure financial processing technologies.
"In fact, the capacity to implement these controls is greater in Internet gambling than it is in other forms of e-commerce and certainly land-based casinos where cash is often king and customer identities can go unknown," he argues, suggesting that a key to making this work is the use of credit cards within a regulated industry.
In his considerable experience, credit card firms provide protective frameworks for financial transactions, such as those used in Internet gambling in regulated European jurisdictions, and this method of depositing and withdrawing is essential to curtailing money laundering, because financial institutions vet money sources that service credit card accounts.
"In fact, while working in Europe, I did not see even one instance of money laundering associated with regulated Internet gambling," Thom observes.
He has other suggestions, one that will probably be viewed with some scepticism by operators with experience of players keen to register and get gambling.
He suggests that players should be made to undergo a similarly rigorous application process as is required when opening a bank account, and that operators must verify the identity of each player whenever they go online and ensure they are in a legal jurisdiction.
On operators, he urges stringent personal financial and probity checks before licensing, and a requirement for software providers to be licensed and subject to tough testing processes on the fairness of their games.
He additionally would like to see operators capping the amount players can deposit or withdraw at any one time.
The bottom line, says Thom, is that there is no question the US can have a healthy Internet gambling industry where fraud and other illegal activities are properly policed.
Gambling News :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.