Neteller announced that it has reached a Deferred Prosecution Agreement (DPA) with the United States Attorney’s Office of the Southern District of New York (USAO).
Neteller has agreed to pay a $136 million dollar penalty to the United States. The deal also includes 18 months of monitoring by the United States government.. Neteller has to avoid transferring United States funds to offshore gambling sites over the monitoring period, and if they do comply, all criminal charges will be dropped.
CEO for Neteller, Ron Martin said “We anticipate within the next few weeks that we will have fully implemented the plan for the return of funds to our United States customers and are hopeful that by that time, we will have restored the company’s shares to trading on AIM.
Martin also said “We can now begin to refocus our efforts on building and strengthening the Neteller business in the growing markets of the European and Asia Pacific regions. I look forward to sharing further information about the company’s progress over the coming months.”
USAO (United States Attorney’s Office) has agreed to suspend the prosecution of any federal charges and as a result, Neteller will not be convicted of any federal crime, if in fact they fulfill the criteria of the DPA (Deferred Prosecution Agreement) within the term of the agreement.
We will keep you updated here on the progress of returning funds to USA from Neteller. Watch this spot for the latest news.
Pariplay, a leading supplier of innovative products such as the Ignite Studio development program and Fusion platform, continues to reach more and more Switzerland's growing regulated market where they announced their latest deal with Swiss casinos, which will deliver online content from the provider for leading casinos to swisscasinos.ch players.
Huge Profit Growth
Swiss Casinos is a leading operator in the Swiss land-based casino market and they are operating with casinos in Zurich, St.
Endorphina is one of the leading iGaming suppliers, known for delivering engaging and creative content. It is influential in several markets, and now has one more under its belt. With license approved by the Romanian regulator ONJN, the provider can now present its interesting games to the players of this jurisdiction and showcase its wealthy portfolio to a new spectrum of potential clients.
By fulfilling all the requirements of the Romanian authority...
Banking is one of the most important parts of the online casino experience for players. On the business end, it's also a bottleneck that can completely cripple a casino or an entire subset of the industry if it's not handled well with plenty of great options. That's why the new Rapid Transfer option from Neteller is such a great piece of news since it offers up yet another convenient way to make deposits.
How Rapid Transfer Works