craggy_steve Posted September 25, 2016 Author Share Posted September 25, 2016 I didn't say he had no connection to eGaming. But to pretend he is some kind of strategy genius to IoM government is simply untrue. Counting House process some payment traffic for eGamers. This sanction appears to be nothing to do with that. Agreed he is no strategy genius, but he is quite closely linked with DED and the local e-gaming industry and the author of DED's principal guide to setting up an IoM e-gaming business http://www.whereyoucan.com/ibweb/res/pdf//YouCanl2014-Digital-3rd-Edition.pdf Speaks extensively internationally about e-gaming. Glad Counting House (IOM) Ltd has not been named. Hope that no IoM e-gaming businesses are affected by the US asset freeze on PacNet & Counting House. Link to comment Share on other sites More sharing options...
Manx Bean Posted September 25, 2016 Share Posted September 25, 2016 It seems Mr Davis was also pivotal in establishing the interest in BitCoin here - another money launderers dream... http://www.iomtoday.co.im/news/business/bitcoin-is-defended-after-a-wave-of-negative-headlines-1-7086311 Link to comment Share on other sites More sharing options...
notwell Posted September 25, 2016 Share Posted September 25, 2016 Some eGamers will be for certain traffic. They'll just have to use alternative options for making payments. He does speak a lot. Although everything I've heard has added very little. I'm not a fan. Link to comment Share on other sites More sharing options...
code99 Posted September 25, 2016 Share Posted September 25, 2016 https://www.treasury.gov/press-center/press-releases/Pages/jl5055.aspx "In addition, OFAC today designated the following 24 companies, which comprise PacNet as entities owned or controlled by PacNet executives or other PacNet-linked companies...Counting House Services Ltd. (Counting House), located in Canada and the United Kingdom, is a company associated with PacNet. Counting House is owned or controlled by Paul Davis, who is the company’s managing director and sole shareholder. PacNet executives Donna Maria MacBain and Raffaella Ferrari are identified as directors. Counting House is co-located with several other PacNet-linked companies, including PacNet Services Limited." Link to comment Share on other sites More sharing options...
2112 Posted September 25, 2016 Share Posted September 25, 2016 Great. Once again someone from across comes here and makes an arse of us all. And once again it will be Manx people and the Isle of Man who will be left with a tarnished public image. Yup. Another one of Bells legacies. More will probably follow. Link to comment Share on other sites More sharing options...
notwell Posted September 25, 2016 Share Posted September 25, 2016 Lol. Link to comment Share on other sites More sharing options...
Lxxx Posted September 25, 2016 Share Posted September 25, 2016 The island has from year dot had to look in the shadows for it's sustainability. It's unfortunately what happens when you have very little to offer and are just a small island in the middle of the Irish Sea. The net is closing around the world now in the dash for cash as governments everywhere are skint and have a pensions crisis looming. Link to comment Share on other sites More sharing options...
NoTail Posted September 25, 2016 Share Posted September 25, 2016 Lxxx - I agree with your analysis. The IOM will find itself gradually cut off from the main world in coming years if our tax arrangements are deemed to be unfair/aggressive. If we can keep our tax arrangements to ourselves and stop international operations from "taking advantage" we may get away with the status quo. Unfortunately I do not see how that will happen as most of Athol St is employed in providing (legal) investment vehicles and schemes to wealthy individuals and corporations around the world. Link to comment Share on other sites More sharing options...
code99 Posted September 25, 2016 Share Posted September 25, 2016 http://money.cnn.com/2016/09/22/news/companies/pacnet-investigation/ (CNN) Editor's Note: Today (22 Sep 2016), a Canadian payment processor named PacNet Services, Ltd. became one of the many targets of an unprecedented crackdown on global mail fraud, which was announced today by (USA) Attorney General Loretta Lynch. In all fairness, as far as I can find on the Internet although this action has been started by the USA Attorney General to date no one has yet been charged with any offences and as such we should presume that everyone involved has not committed any crimes and is therefore innocent. Link to comment Share on other sites More sharing options...
NoTail Posted September 25, 2016 Share Posted September 25, 2016 If he Americans have deemed you guilty and effectively stopped you doing business That's it. Curtains. You can argue about justice etc, your fucked. Link to comment Share on other sites More sharing options...
notwell Posted September 25, 2016 Share Posted September 25, 2016 Fair point . They are fucking awful. Link to comment Share on other sites More sharing options...
WTF Posted September 25, 2016 Share Posted September 25, 2016 Fair point . They are fucking awful. yes, they fucked over BP and the part that failed was made in America. Link to comment Share on other sites More sharing options...
notwell Posted September 25, 2016 Share Posted September 25, 2016 They are systematically levying fines across most banks and investment houses on a quarterly basis. Raking in Billions as they make their way round. Once they visited everyone they go round again . Link to comment Share on other sites More sharing options...
2112 Posted September 25, 2016 Share Posted September 25, 2016 Fair point . They are fucking awful. Generally? Or just because it affects the IOM? The Americans aren't stupid and they would be sure of their facts before launching any actions or investigations. Link to comment Share on other sites More sharing options...
Gladys Posted September 25, 2016 Share Posted September 25, 2016 The US has no regard or respect for any other jurisdiction; if they decide you are wrong, that's it, regardless if what you are doing is quite legitimate in your home country and it is their own nationals who are perverting it. They make the rules. Link to comment Share on other sites More sharing options...
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