webmasterchecks issue resolved - GoFuckYourself.com

dantes · 05-04-2010, 04:00 PM

just got this email from them

Let me first say that I am very pleased to announce this news we just found out.

All Webmasterchecks? accounts are being reactivated by the Department of Justice and our business is resuming normal operations. Any checks that were issued from our US Bank account will be able to be cashed and clear immediately. Our Bank of America account is moving more slowly and should be fully reactivated by tomorrow. Please have your affiliate?s hold Bank of America checks until we send out the confirmation that all is clear.

We would like to give you some background into our situation. When we started researching doing this type of business in 2003-2004, before launching in 2005, we discovered there were not any similar types of businesses that did what we do. Looking further into it, we discovered that many had been turned off by the government for sending out gambling payments or acting without compliance to important anti-money laundering rules, or because they had issues managing their funds and became insolvent.

Knowing this, while building Webmasterchecks, we formed extensive due-diligence procedures to comply with the Patriot Act, Bank Secrecy Act, Anti-Money Laundering laws, Office of Foreign Assets Control (OFAC), Know-Your-Customer, UIGEA (gambling), registered with the Treasury Departments Financial Crimes Enforcement Unit, and took many other precautions. To give you an idea, an AML/BSA Risk Assessment typically runs 70k+, not to mention the Independent Audits and so forth.

During our business continuity audits, we had never expected our bank accounts to be frozen with no previous notification to us or our attorneys. To help prevent this from happening again in the future, our attorneys are proactively in the process of contacting all government agencies that have the authority to do these types of freezes, indicating our willingness to cooperate fully and establishing a relationship so that they can contact us directly in the future if any questions arise.

As stewards of our clients funds, we take these matters very seriously. We hired the right attorney, retained attorneys at a large Washington DC firm including a former assistant US Attorney General and general council to the Department of Homeland Security and got the matter resolved as quickly as possible.

In the next several days we will be providing you with a letter from our banks indicating that we are in good standing, a letter from our attorney with an explanation of what happened, and our attorney is meeting with the Assistant Attorney General of Maryland in the next several days to request a letter of explanation of what occurred, as well as a statement that they have found that we have not acted improperly in any way, and we will pass this over as well.

Webmasterchecks is moving forward. We understand the government has an important role in regulating all banking activity and we will continue to comply with all of the best practices established.

We look forward to resuming all operations and thank everyone for their patience while we resolve this matter fully.

Barefootsies · 05-04-2010, 04:01 PM

Good toe hear sire.

Farang · 05-04-2010, 04:06 PM

I almost came in my pants when I received that email.

jcsike · 05-04-2010, 04:06 PM

those $1,000/hr. attorneys can certainly cut through red tape

every company thats been around for a while had its challenges, its all how they dealt with it

glad you guys got this resolved

baddog · 05-04-2010, 04:08 PM

good deal

SteveHardeman · 05-04-2010, 04:10 PM

Congratulations. The industry needed a shot of good news.

Ethersync · 05-04-2010, 04:14 PM

Great news!

Loch · 05-04-2010, 04:24 PM

a fucking MEN

I take back any post made a few hours ago, this is in my over 10 years in this business the best and to the point statement i have seen.

Relentless · 05-04-2010, 04:27 PM

Quote:

Originally Posted by Loch

... this is in my over 10 years in this business the best and to the point statement i have seen.

Agreed.

Axeman · 05-04-2010, 04:52 PM

Glad to hear they got it resolved quickly and hopefully they didn't loose that much business as a result of it all.

Croc1 · 05-04-2010, 05:21 PM

good news!

charlieb · 05-04-2010, 05:27 PM

Congratulations

xebec · 05-04-2010, 06:16 PM

Quote:

Originally Posted by Axeman

Glad to hear they got it resolved quickly and hopefully they didn't loose that much business as a result of it all.

amen, i knew they could make it through, they seem to have their stuff together

count of monte cristo · 05-04-2010, 06:26 PM

Great News. im sure this experience has made you guys a lot stronger ;) glad you seemed to have all your ducks in a row when you needed to

FrozenJag · 05-04-2010, 07:46 PM

Sweeeet! Glad they got it sorted and hopefully they start sending out all of the checks that they are behind on. Good to know we can now cash the ones we've been holding.

TrainWreckContent · 05-04-2010, 07:49 PM

good news...glad they got it resolved

GT-Omar · 05-04-2010, 07:49 PM

From the other WMC thread

Quote:

Originally Posted by GT-Omar

Yeah it seems they've gotten their money free'd up from the Government. TBH as quick as they were able to resolve everything (and nothing moves quick when the government is involved) says a lot about the way they do business.

I know it scared the industry, but I for one feel they are more secure now more than ever. 2cents

Chosen · 05-04-2010, 07:58 PM

Congrats to Webmasterchecks & affiliates

blonda80 · 05-04-2010, 09:04 PM

good news!

lagcam · 05-04-2010, 09:26 PM

Many good things come out of what appear initially to be bad things, and I think this will end up having actually been good for webmasterchecks as a company.

I am sure most people didn't realise how much compliance was involved in setting up and operating such a business, and the fact that they came out of this investigation so quickly indicates that they know what they are doing, and are doing things properly in accordance with the appropriate laws.

The minor inconvenience of some delayed payments should be quickly forgotten.

ShellyCrash · 05-04-2010, 09:33 PM

Quote:

Originally Posted by Axeman

Glad to hear they got it resolved quickly and hopefully they didn't loose that much business as a result of it all.

Too bad they can't go after the government for damages.

EDIT: I suppose one could try, but it would be a fruitless endevor that would only bring further government scrutiny and hardship.

FrozenJag · 05-04-2010, 09:36 PM

Quote:

Originally Posted by GT-Omar

From the other WMC thread

Must say I agree. Im definetly impressed.

slayer69 · 05-04-2010, 09:54 PM

fuck ya!

BIGTYMER · 05-04-2010, 10:00 PM

Great news

hypedough · 05-04-2010, 10:19 PM

Bizzump for the good people at WMC.

sojproductions · 05-04-2010, 10:44 PM

Good news, good job too for taking action to prevent this in the future, will do your credibility some good for sure.

LoveSandra · 05-04-2010, 10:56 PM

Congrat.......

heymatty · 05-04-2010, 10:58 PM

Congrats to them. They must of really had their ducks in a row for this mess to clear up so fast. The accounts could of been frozen for months on any irregularities.

pamon · 05-04-2010, 11:17 PM

good stuff and good news.

Pornopat · 05-04-2010, 11:17 PM

woow just woow.
This is awesome news!

dantes · 05-05-2010, 12:15 AM

Quote:

Originally Posted by heymatty

The accounts could of been frozen for months on any irregularities.

gtbills accounts have been frozen for 3-4 months already

nolongerexists · 05-05-2010, 12:26 AM

sapphic cashs tells that situation of Bank of America account of WC is still unclear.
Can anyone confirm?

count of monte cristo · 05-05-2010, 12:34 AM

Quote:

Originally Posted by blindzior

sapphic cashs tells that situation of Bank of America account of WC is still unclear.
Can anyone confirm?

they said it here

Quote:

Originally Posted by dantes

Any checks that were issued from our US Bank account will be able to be cashed and clear immediately. Our Bank of America account is moving more slowly and should be fully reactivated by tomorrow. Please have your affiliate?s hold Bank of America checks until we send out the confirmation that all is clear.

nolongerexists · 05-05-2010, 12:53 AM

ahh sorry. thanks for clarification

05-04-2010, 04:00 PM	#1
dantes Registered User Join Date: Sep 2006 Location: virgin island Posts: 66	webmasterchecks issue resolved just got this email from them Let me first say that I am very pleased to announce this news we just found out. All Webmasterchecks? accounts are being reactivated by the Department of Justice and our business is resuming normal operations. Any checks that were issued from our US Bank account will be able to be cashed and clear immediately. Our Bank of America account is moving more slowly and should be fully reactivated by tomorrow. Please have your affiliate?s hold Bank of America checks until we send out the confirmation that all is clear. We would like to give you some background into our situation. When we started researching doing this type of business in 2003-2004, before launching in 2005, we discovered there were not any similar types of businesses that did what we do. Looking further into it, we discovered that many had been turned off by the government for sending out gambling payments or acting without compliance to important anti-money laundering rules, or because they had issues managing their funds and became insolvent. Knowing this, while building Webmasterchecks, we formed extensive due-diligence procedures to comply with the Patriot Act, Bank Secrecy Act, Anti-Money Laundering laws, Office of Foreign Assets Control (OFAC), Know-Your-Customer, UIGEA (gambling), registered with the Treasury Departments Financial Crimes Enforcement Unit, and took many other precautions. To give you an idea, an AML/BSA Risk Assessment typically runs 70k+, not to mention the Independent Audits and so forth. During our business continuity audits, we had never expected our bank accounts to be frozen with no previous notification to us or our attorneys. To help prevent this from happening again in the future, our attorneys are proactively in the process of contacting all government agencies that have the authority to do these types of freezes, indicating our willingness to cooperate fully and establishing a relationship so that they can contact us directly in the future if any questions arise. As stewards of our clients funds, we take these matters very seriously. We hired the right attorney, retained attorneys at a large Washington DC firm including a former assistant US Attorney General and general council to the Department of Homeland Security and got the matter resolved as quickly as possible. In the next several days we will be providing you with a letter from our banks indicating that we are in good standing, a letter from our attorney with an explanation of what happened, and our attorney is meeting with the Assistant Attorney General of Maryland in the next several days to request a letter of explanation of what occurred, as well as a statement that they have found that we have not acted improperly in any way, and we will pass this over as well. Webmasterchecks is moving forward. We understand the government has an important role in regulating all banking activity and we will continue to comply with all of the best practices established. We look forward to resuming all operations and thank everyone for their patience while we resolve this matter fully.

05-04-2010, 04:01 PM	#2
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	Good toe hear sire. __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

05-04-2010, 04:06 PM	#4
jcsike Confirmed User Industry Role: Join Date: Jan 2006 Posts: 689	those $1,000/hr. attorneys can certainly cut through red tape every company thats been around for a while had its challenges, its all how they dealt with it glad you guys got this resolved __________________

05-04-2010, 04:10 PM	#6
SteveHardeman Confirmed User Join Date: Jul 2008 Location: Atlanta Posts: 1,728	Congratulations. The industry needed a shot of good news. __________________ BrokeAmateurs And ErosPOV And GirlsGoingSolo And PureAshley Sign Up At AmateursConvert.com Questions? I-C-Q: 3Five1FiveFive3476

05-04-2010, 04:24 PM	#8
Loch Confirmed User Industry Role: Join Date: Feb 2002 Location: Canada Posts: 7,674	a fucking MEN I take back any post made a few hours ago, this is in my over 10 years in this business the best and to the point statement i have seen. __________________ Contact us for Beta store access (4000 HD/SD productions) - Editing - Encoding/Post production ICQ - 277 862 930 E-mail casper /@/ cool-content.com

05-04-2010, 04:06 PM	#3
Farang one sick puppy Industry Role: Join Date: Oct 2004 Location: Where the worst of the West meets the worst of the East Posts: 11,484	I almost came in my pants when I received that email.

05-04-2010, 04:08 PM	#5
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,090	good deal

05-04-2010, 04:14 PM	#7
Ethersync Confirmed User Join Date: Mar 2008 Location: London, Saint-Tropez, Bermuda, Moscow Posts: 5,289	Great news!

05-04-2010, 04:52 PM	#10
Axeman Confirmed User Join Date: Feb 2004 Location: Swamp Posts: 5,201	Glad to hear they got it resolved quickly and hopefully they didn't loose that much business as a result of it all.

05-04-2010, 05:21 PM	#11
Croc1 Registered User Join Date: Feb 2006 Location: WebWideCash Posts: 99	good news! __________________ Start earning cash with WebWideCash.com Gay Pay Sites List

05-04-2010, 05:27 PM	#12
charlieb Confirmed User Join Date: Jul 2004 Location: US Posts: 344	Congratulations

05-04-2010, 06:26 PM	#14
count of monte cristo Confirmed User Industry Role: Join Date: Sep 2004 Location: monte cristo Posts: 473	Great News. im sure this experience has made you guys a lot stronger ;) glad you seemed to have all your ducks in a row when you needed to __________________ premier payment sending company

05-04-2010, 07:46 PM	#15
FrozenJag Confirmed User Join Date: Oct 2006 Posts: 1,763	Sweeeet! Glad they got it sorted and hopefully they start sending out all of the checks that they are behind on. Good to know we can now cash the ones we've been holding.

05-04-2010, 07:49 PM	#16
TrainWreckContent Confirmed User Industry Role: Join Date: Dec 2008 Location: Under a Train Wreck Posts: 8,127	good news...glad they got it resolved __________________ Train Wreck Content Telegram @DanTrainwreck / Whatsapp TrainWreck / Email [email protected]

05-04-2010, 07:58 PM	#18
Chosen VIPPay.com \| AdultWebSponsors.com Industry Role: Join Date: Aug 2001 Posts: 63,151	Congrats to Webmasterchecks & affiliates

05-04-2010, 09:04 PM	#19
blonda80 FOR HIRE: AFF Manager Industry Role: Join Date: May 2006 Location: EU Posts: 10,959	good news! __________________ Weekly Paying Affiliate Program with Dating Cam Offers! TrafficGoldmine.com is the official home of HookUP.com They offer payments by PayPal, Paxum, BTC, Bkash, Webmoney & more!

05-04-2010, 09:26 PM	#20
lagcam Confirmed User Industry Role: Join Date: Jul 2007 Posts: 2,892	Many good things come out of what appear initially to be bad things, and I think this will end up having actually been good for webmasterchecks as a company. I am sure most people didn't realise how much compliance was involved in setting up and operating such a business, and the fact that they came out of this investigation so quickly indicates that they know what they are doing, and are doing things properly in accordance with the appropriate laws. The minor inconvenience of some delayed payments should be quickly forgotten. __________________ Working Cam site for sale - NOT affiliate.

05-04-2010, 09:54 PM	#23
slayer69 Confirmed User Join Date: Oct 2008 Posts: 626	fuck ya!

05-04-2010, 10:00 PM	#24
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	Great news

05-04-2010, 10:19 PM	#25
hypedough Confirmed User Join Date: Sep 2007 Location: Now running NATS4: HypeDough.com! Posts: 3,743	Bizzump for the good people at WMC. __________________ Ricky D :: Hype Dough President \| XBIZ.net \| ICQ 172-939-826 AIM+Skype HypeDough \| [NATS4] Kayden420: ['09 '10 '11 XBIZ Nominee \| Exclusive & HD] \| ThePornScout: [Exclusive + Reality \| Amateurs Want to Become Pornstars]

05-04-2010, 10:44 PM	#26
sojproductions Confirmed User Join Date: Aug 2006 Posts: 2,160	Good news, good job too for taking action to prevent this in the future, will do your credibility some good for sure. __________________ ICQ: 404-159-022 Blue Pixels Profits - Uk Solo Tranny sites & Crossdressing! Filthy Profits - Uk MILF Solo Sites

05-04-2010, 10:56 PM	#27
LoveSandra So Fucking Banned Join Date: Aug 2008 Location: Just Blow Me Posts: 10,551	Congrat.......

05-04-2010, 10:58 PM	#28
heymatty Confirmed User Join Date: Oct 2001 Location: Scottsdale :) Posts: 2,188	Congrats to them. They must of really had their ducks in a row for this mess to clear up so fast. The accounts could of been frozen for months on any irregularities. __________________ Cashlantis ~ Black Book Cash

05-04-2010, 11:17 PM	#29
pamon Confirmed User Industry Role: Join Date: Dec 2007 Posts: 3,103	good stuff and good news. __________________ Email: [email protected] Skype: davidamodt. / TG: Davidamodt US Adult Content & Porn Writer Project/Sites/Tubes/Reviews & More

05-04-2010, 11:17 PM	#30
Pornopat AdultTubeSubmits.com Industry Role: Join Date: Dec 2003 Location: The Netherlands Posts: 10,598	woow just woow. This is awesome news! __________________ https://stripcash.com/sign-up/?userI...fff832eb95ab6a

05-05-2010, 12:26 AM	#32
nolongerexists Confirmed User Industry Role: Join Date: Apr 2003 Posts: 1,096	sapphic cashs tells that situation of Bank of America account of WC is still unclear. Can anyone confirm? __________________ work smart not hard ;)

05-05-2010, 12:53 AM	#34
nolongerexists Confirmed User Industry Role: Join Date: Apr 2003 Posts: 1,096	ahh sorry. thanks for clarification __________________ work smart not hard ;)