Weekly Roundup: Congressman Introduces Internet Gambling Bill, Leaked U.S. Cable Expresses Concern Over U.K.’s Islamic Banking Sector, And More

This week saw yet another attempt in Congress to overturn the U.S. ban on online gambling. The Internet Gambling Regulation, Consumer Protection and Enforcement Act, introduced by Representative John Campbell (R-CA) on Wednesday, would let licensed operators offer internet gambling and require them to implement anti-money laundering(AML), anti-fraud and identify theft controls. The bill, co-sponsored by Barney Frank (D-MA), Ed Perlmutter (D-CO) and Peter King (R-NY), would overturn portions of the Unlawful Internet Gambling Enforcement Act (UIGEA), which bans online banking and requires banks to identify and block transactions tied to illegal online gambling Web sites. More A leaked U.S....