--- begin forwarded text Date: Tue, 3 Jan 2006 12:44:36 -0500 To: Philodox Clips List <clips@philodox.com> From: "R. A. Hettinga" <rah@shipwright.com> Subject: Payments News: E-Gold Under Scrutiny <http://www.paymentsnews.com/2005/12/egold_under_scr.html#more> Payments News Tracking the world of payments...from Glenbrook Partners December 31, 2005 E-Gold Under Scrutiny January 9th edition of Business Week contains a lengthy investigative report by Brian Grow on online money transfer systems like e-gold Ltd. The article focuses on the potential use of the e-gold payment service by those wanting to move money while skirting the reporting obligations associated with US money laundering regulations. Technorati Tags: E-gold, Money Transfer E-gold is a "digital currency." Opening an account at www.e-gold.com takes only a few clicks of a mouse. Customers can use a false name if they like because no one checks. With a credit card or wire transfer, a user buys units of e-gold. Those units can then be transferred with a few more clicks to anyone else with an e-gold account. For the recipient, cashing out -- changing e-gold back to regular money -- is just as convenient and often just as anonymous. In an online extra, Business Week also looks at Russian-based WebMoney and its customers as well as at Dr. Douglas Jackson, the founder of e-gold. Posted by Scott Loftesness on December 31, 2005 at 06:34 PM in ECommerce, Financial Regulators, Money Transfer | Permalink -- ----------------- R. A. Hettinga <mailto: rah@ibuc.com> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire' --- end forwarded text -- ----------------- R. A. Hettinga <mailto: rah@ibuc.com> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'