House panel OKs Internet gambling restrictions move to Sg Online Casino

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January 2, 2022 0 Comment

 

 

Money laundering bill would increase power to find, destroy terrorists’ financial networks

 

WASHINGTON — A House panel agreed Thursday to restrict Internet gambling as part of sweeping legislation to block money laundering by terrorists.

 

The House Financial Services Committee voted 62-1 to pass a money laundering bill that would increase the government’s power to find and destroy financial networks of terrorists, drug dealers and other criminals.

 

Rep. Ron Paul, R-Texas, cast the lone vote against the bill, questioning the relevance of the Internet gambling provision, and complaining the legislation was more of a war on financial privacy than on terrorism.

 

Last week, the Senate Banking Committee passed a similar bill that does not include Internet gambling restrictions. Supporters of the gambling controls acknowledged the provision may be stripped out of the legislation before final passage by Congress.

 

The Internet proposal would prevent gamblers from using credit cards and other bank instruments to pay for their wagers, taking away the most common methods that customers use to access online wagering.

 

Rep. Jim Leach, R-Iowa, who proposed the restrictions, described Internet gambling sites as potential havens for money laundering, the process by which cash …

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