Barclays and RBS Warn Gaming Clients On US - Will Comply With Legislation
12 October 2006
Thu Oct 12, 2006 10:16 AM BST254
LONDON (Reuters) – Barclays (BARC.L: Quote, Profile, Research) and Royal Bank of Scotland (RBS.L: Quote, Profile, Research) will shortly advise corporate customers to avoid taking Internet bets from the United States, banking and gambling sources said on Thursday.
“The two banks will be telling corporate clients they’re not prepared to do business with companies that take online bets from the United States,” said the source. “Then they’ll look at ways of stopping retail customers from online gambling.”
An RBS spokeswoman said: “The Royal Bank of Scotland Group will take the necessary steps to ensure that we are fully compliant with this legislation.” Barclays declined to comment.
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