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These regulations

These regulations are independent of any other regulatory framework, such as the Bank Secrecy Act or consumer protection regulations.[16] Section 5361, Findings and Purpose[edit]The Act begins with Congress’s findings and purpose. Findings include a recommendation from the National Gambling Impact Study Commission. One of the controversial findings asserted in the opening of the bill is the assertion that Internet gambling is a growing problem for banks and credit card companies.[4]

The opening section

The opening section of the act also states that “new mechanisms for enforcing gambling laws on the Internet are necessary,” especially for cross-border betting.

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