By Ecommerce Journal
Tuesday, November 10, 2009
The now shut-down online payment system e-gold reported on its blog that it is working with the various US Federal and State government authorities, including the Florida Office of Financial Regulation, the state where e-gold’s Operator is located, so as to allow some account holders to access their funds that were blocked under the previous agreement with the U.S. Department of Justice.
In the blog e-gold states that in the near future it may finalize a Value Access Plan that satisfies the requirements of the Florida Office of Financial Regulation following which the company plans to engage with other jurisdictions where e-gold Owners reside.
e-gold says: “Value Access Plan will allow account Users on accounts with Owners residing in jurisdictions in which the Plan is not prohibited or otherwise restricted by law to direct the exchange of value in the e-gold accounts they control for US dollars.”
The prerequisite to participation in e-gold’s Value Access Plan is full compliance with e-gold’s Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) requirements for the accounts you control.