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We wanted to update you on the banking situation you were made aware of earlier this week. Our attorney was able to get hold of and have a conversation with Baltimore Assistant US Attorney General Richard Kay earlier this afternoon. He made it clear that they discovered one of our clients had proceeded to send payments for transactions that originated on gambling websites. As you should know, we do not process for gambling transactions and have very stringent processes and policies to help ensure such.
As said previously, we are certain our business has all necessary licenses and registrations, has followed all rules and regulations to the best of our ability, and we expect to have a favorable resolution to this as soon as Mr. Kay has a chance to review our due diligence policies and procedures early next week. This is very good news!
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