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UIGEA in Norway
 December 11, 2008, 8:52 am (3 years ago)Even though complete details are still vague, it is obvious that the Norwegian parliament this week voted for an application to legislate for a prohibition on Internet gambling financial transactions like that forced by the United States in its now notorious Unlawful Internet Gambling Enforcement Act 2006.
Disregarding apprehensions articulated by the FNH, Norway's Financial Services Association, and other economic institutions that the enforcement of such a prohibition indicates considerable problems for the banking division, MPs have voted for the application, though authoritarian drafting is going to still be needed, and observers think enforcement is improbable to develop into obvious until mid to late 2009.
Meanwhile, the monetary services business is anticipated to carry on expressing its reservations, and urging that any rules are precise and clear.
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