Survey of Electronic Cash, Electronic Banking, and Internet Gaming

摘要

New technology-based payment systems are emerging to present dynamicopportunities for business and consumers alike. Along with these opportunities, however, come challenges for governmental authorities. In rising to meet these challenges, the Financial Crimes Enforcement Network (FinCEN), together with other components of the U.S. Department of the Treasury and the Government as a whole, must consider various factors to determine the appropriate course of action to follow with regard to public policy. In assessing the need for anti-money laundering controls, FinCEN takes into account broad issues of financial policy but also recognizes that technology-based products may be susceptible to money laundering and may, therefore, need to be subject to regulatory over-sight. The oversight, however, should not impede the continued growth of electronic commerce. Furthermore, while FinCEN' s efforts focus on law enforcement and regulatory issues, the agency is sensitive to the need for balancing enforcement interests with those of customer privacy, market independence and other consumer issues. In this context, FinCEN has been examining the potential regulatory and law enforcement challenges that may result as electronic payment systems continue to grow. This report discusses three distinct types of financial products and services that are technology-based: Electronic Cash, Electronic Banking, and Internet Gaming. Each of these products and services facilitates the electronic transfer of financial value, often in an immediate and secure fashion.