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Dutch bankers vs. UIGEA
 November 24, 2008, 8:49 am (3 years ago)Dutch Justice Minister Hirsch Ballin is struggling with the country's bankers again on his unreasonable suggestion to force the banking business into enforcing a Dutch-style UIGEA - a proposal which involves the banks declining the process of monetary transactions with online gambling companies.
Minister Ballin's advised Online Gambling Act has been raising political hackles since January this year, when he propositioned a momentary license for the online activities of the state's monopolist Holland Casino. In presenting his Online Gambling Act, Ballin also advised that the Ministry of Justice is supposed to start focusing on monetary organizations involved in illegitimate financial transactions with Internet gambling companies without holding official licenses.
The Minister revealed a scheme to in span financial companies and even ISPs in an effort to exclude online competition out of the Netherlands, and at the end of January 2008, the Ministry proclaimed a press release announcing that it would ‘take a firm line’ in opposition to monetary organizations facing unlicensed gaming operators. But whether there is a regulation supporting the Minister's moves, which were rooted in the precept that assisting payment services is illegitimate, is questionable. The Minister pointed out that article 1 of the 1964 Gaming Act could be widened to back up his proposal, but there was widespread conflict with this position from legal specialists.
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