I know that in Antigua around 2000, the govt opened up an office at the Woods Centre for the purpose of cleaning up the banking industry. Different than other Jurisdictions, Antigua actually has laws that LEGALIZE gaming so licensed operations get a certificate that says something to the effect of 'Licensed to accept Internet and Phone Betting'. I had heard that Antigua was trying to sue the United States for the pressure they were getting on banking, and the fact that it was effect the employement in that country. I think they are on the right track, as one of the core values in America is freedom to make a living...maybe that right is not respected for its neighbors.
Either way, what I dont understand is that in a legal jurisdiction for gaming, whether it be Vegas, Atlantic City, or any other sovereign location, why cannot those locations just provide transparency and cooperation to the banking pressures enacted after 911, then stand up proud and strong to defend that transactions are not invovled in terrorism. I mean, if the US has a problem with a transaction that hit an Antiguan Bank, can't their new money laudering / banking clean-up offices just provide enough transparency to force the U.S. to prove that the transaction is dirty?
I just dont get it, I can see the US protecting their currency and the fact that it stays in the country, but I really dont understand how every nation in the world can allow any other nation to push them around when they can prove that they are on the up-and-up, and cooperating with new intl banking standards.
-lab
