NETeller Bids Farewell to Business with Canada and Turkey
By Miriam H
High profile payment processor NETeller, whose co-founders Stephen Lawrence and John Lefebre are currently facing charges relating to money laundering, announced today that it would no longer deal with transfers for online gambling sites for Canadian or Turkish residents due to regulatory risks.

'Recent actions by regulators, payment processors, and online gaming operators have increased the uncertainty around certain activities related to online gambling in some jurisdictions,' the firm said in a statement.

'The risk to the group's ongoing business in Canada and Turkey has increased in the light of such developments. The board has therefore concluded that the group will no longer process transfers related to online gambling sites on behalf of Canada or Turkey resident customers.'

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