Poker Discussion
|
|
Please help support pocketfives by using our links when choosing to download a new site!
CarbonPoker · Full Tilt · Cake Poker · PokerStars · Ultimate Bet · Players Only · Bodog
|
I got this via certified mail from my bank:
Dear Client:
The Bank Secrecy Act (BSA) requires [name of my bank] to have a thorough understanding of our customers and their businesses. In response to this obligation, [name of my bank] has developed a list of account servicing questions to help us better understand our clients and their banking needs. These questions were not asked at the time of account opening.
Please contact your Relationship Manager, [his name], at [his phone number] within 10 calendar days of receipt of this letter or you may contact me directly at [her phone number] to schedule a phone interview.
Please note that your failure to respond to our request for the interview within twenty one (21) calendar days from the date of this letter will result in a restriction on your ATM/Debit Card. In addition, failure to respond to our request for the interview within thirty (30) calendar days from the date of this letter may result in your accounts being closed.
We look forward to hearing from you.
Sincerely,
[her name]
RISC Office Compliance Specialist
[her phone number]
----------------------
Other information:
- I have used accounts at this bank to accept premium bankwires, and regular bankwires from FTP, and checks.
- I have used accounts at this bank to accept wire transfers from pokerstars, and checks.
- I pay my taxes, in full.
- Despite the above, I would not like the displeasure/aggravation/hassle of being audited, and this is what I am concerned about more than anything.
- I have accounts at another bank and I don't need the money immediately.
- It would not be a big deal for me to change banks.
What I need to know
Most importantly - What are they going to ask me?
Edit: I know what I'll be asked now.
Next most importantly - Is the money I have in my accounts in jeopardy?
Edit: I know that the money is not in jeopardy.
Even though my questions have been answered, I's still like to hear especially from anyone who works in a bank, has a relative who works in a bank, or especially from anyone who has been thru or conducted one of these interviews before.
----------------------
Update on page 7.
|
|
|
|
|
This is essentially the equivalent of walking outside and handing a random American on the street $100 each week to bash us over the head with a hammer.
|
|
|
 RI Tony: | |
This is essentially the equivalent of walking outside and handing a random American on the street $100 each week to bash us over the head with a hammer.
Yup. I think that this is one reason that some professional poker players sometimes don't pay their taxes.
|
|
|
|
I still have no idea why this "law" went/is going into effect. Yeah I know the whole sports betting online thing and poker was just tagged on but that doesn't make sense. Obv the bill writer knew the difference between online poker and sports betting. So I guess I get lost as to why it was piggy backed on. I also don't think it was because of some tax issue. It would be so easy to keep tabs on US players winnings/losses.
I also don't think this is a republican vs democratic issue. Republicans pushed it threw but dems aren't doing much about it no matter how much noise we make. There seems to be an unspoken root issue concerning our government and poker players. IMO it seems much more like a "freedom of US citizen vs government in general" issue.
|
|
|
|
SJCX
(United States)
684
Posts.
Joined
01-23-2006.
11-13-2009 5:23 PM
-
In reply to
|
|
|
|
|
not much to say, but just felt like saying <3 jen
|
|
|
|
Just received the following letter from my bank:
"Pursuant to the unlawful internet gambling enforcement act of 2006 and regulation GG, "restricted transactions such as those in which a person accepts credit, funds, instruments or other proceeds from another person in connection with unlawful internet gambling are prohibited from being processed through your account or relationship with our institution".
Are they just trying to protect themselves with this letter or is this basically GG in even trying to use them?
Im assuming most banks are going to send out something similar to this letter before the December deadline...this was from [bank name edited] in NY.
|
|
|
|
I recieved the a similar statement at the top of my last statment. What does this mean? Can I still withdraw to this acct? I know jennifear had a thread about a call she recieved. Wondering if anyone can clairfy this type of statement for us.
|
|
|
|
welcome to last week.....go find jennifear's post about a week ago and that will explain everything...i would find it for you, but im stoned, lazy and playing in a tourney
|
|
|
| saxton82: | |
welcome to last week.....go find jennifear's post about a week ago and that will explain everything...i would find it for you, but im stoned, lazy and playing in a tourney
Jennifear's thread
|
|
|
|
Thank u for just combining the two threads as the actions are essentially the same. I understand that my bank is threatening me, am I reading correctly that I might still be able to continue to make these withdrawls if I space them out? So if they aren't coming often they won't come after me as hard essentially?
I also understand that I need to open a second acct to maintain relationships w/ multiple banks to avoid running into trouble w/ one. Does anyone have any suggestions as to which banks are friendlier towards these wires/checks? Are local credit unions less likely to inquire/threaten to close accts bc they need the business? or more bc they're smaller and have the time on their hands to look into these items?
I read as much of the lengthy thread as possible and I noticed that all bank names are redacted when referring to a bank that has made a statement/inquiry directed at a player so flame away if it has already been established that we can't use banks names whatsoever. I'm just looking to find a "friendlier" bank towards my wires (chks if I have to) so that I can continue to withdraw funds after dec 1 if nothing is resolved by then. thx
|
|
|
|
Thank you Jennifear for everything. I did read all 5745857394573495 posts but I would kinda like to recap what has been talked about.
Hypothetically speaking, suppose I didn't suck at poker and was a high stakes player that has won some money (i.e. Gboro, Djk, etc.). How would I withdraw a large sum of money (say 30-50K)? From what I am hearing it seems like it is best to withdraw is via check, not wire transfer??? Also, it seems like it is best to withdraw once not on several occassions??? Finally, it appears as though the Dec. 1 deadline will not affect checks, only wire transfers??? Please help me if I am off base with any of these assumptions, or anything else that is important.
Thanks
|
|
|
|
I didn't get a chance to read all the responses, but I did briefly read the update. I was wondering what the bank meant by risky activities. I know they don't condone or necessarily want to be a part of funding your online poker account, but what is their interest in you accepting/receiving a wire transfer from a poker site? How is receiving a wire transfer from a poker site considered risky business? Although you told them you were a professional player/coach, essentially you could do anything for the site, (i.e. chat moderator, software developer, or an I.T. worker). Did the bank explain this or why it's risky for them to allow you to receive a wire transfer?
|
|
|
| threeven: | |
LOL @ you calling her ignorant for saying that. Are you retarded? How can you bash someone for putting their lively hood and their ability to support themselves/their family as a top priority? I'm pretty sure a pretty large amount of people vote one way or another for that exact reason.
i agree . seriously how could u ever bash her for this? if obama said hes for poker i would vote for him and i would neverrrrrr vote for a black man. you gotta protect your livelyhood and some of us dont wanna work a 9-5er, just wanna play poker
|
|
|
|
Being that I bank with a smaller, local credit union do I have less to worry about come Dec. 1st? I've never had a problem with the processing of wire transfers and or checks and I've definitely yet to receive any letters or notifications citing any upcoming change of protocol come Dec. 1st.
|
|
|
|
No one likes to be told what to do with their own money. But, if 99% of people were honest with themselves, being shut down would be the best thing for them. Plus, playing cat and mouse with the govt/banks is -ev long term anyway.
Top 10 Leader Board......All good
Top 100......................Mostly all good?
Top 1000....................Are you even in here? How you doin?
Bottom 14,999,999.......If u view playing as entertainment, fine. If not? Gl, you need it.
|
|
|
|
|
Sortable Rankings
|
|
|
|
|
|
|
|
|