kingfin66
10-13-2006, 07:01 PM
... the just passed legislation.
US Safe Port Act Position
As stated in an announcement of 2 October 2006, the Company, in conjunction with its advisers, continues to monitor the progress of the Act and likely resultant regulations. The Company expects to have a clearer view of how financial services companies can comply and any possible resulting impact on its business as the regulations are drafted in the 270 days following the signing of the Act. In the meantime, the Company will continue to operate its business to minimise any potential adverse impact, maintaining existing customer and merchant support across all the markets it currently serves.
This has been cut and pasted from a larger statement from the company:
http://content.neteller.com/content/en/member_businessupdate.htm
US Safe Port Act Position
As stated in an announcement of 2 October 2006, the Company, in conjunction with its advisers, continues to monitor the progress of the Act and likely resultant regulations. The Company expects to have a clearer view of how financial services companies can comply and any possible resulting impact on its business as the regulations are drafted in the 270 days following the signing of the Act. In the meantime, the Company will continue to operate its business to minimise any potential adverse impact, maintaining existing customer and merchant support across all the markets it currently serves.
This has been cut and pasted from a larger statement from the company:
http://content.neteller.com/content/en/member_businessupdate.htm