by mapleleaf » Sat Sep 30, 2006 10:58 pm
From what I have seen personally regarding large banks being given guidelines to follow that restricts their ability to potentially make money - I wouldn't expect it to happen overnight and I would expect them to fight it tooth and nail.
I have seen the large financial instiution I work at be given specific compliance related procedures to follow - and 4 years to implement them - only to attempt to implement them starting 3.5 years in and then not implement them at all, but make it look like they did.
Overall, although this whole thing is not great news - it targets not the playing of poker but the movement of money, and I expect that many of the major companies affected (neteller, partypoker, pokerstars, etc) are going to claim they do not need to follow the laws of a country they don't operate within.
The only real concern i have is with these companies pandering to the pressure and banning US players - not because they have to, but because they don't want to deal with any (what I consider to be unjustified) legal action - but then again, I don;t know of any company, that makes tons of money and runs pretty much automatically to just close up shop to avoid potential problems. So maybe I should be concerned, but I;m not.
However, if my company starts making announcements regarding new changes in procedure based on this law I will be concerned and I will certainly let you guys know.
Winning at poker is systematic, not instinctual