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Neteller also said it was considering the impact of the act and would evaluate the situation as it develops and “that the Act may have a material adverse effect on Neteller’s US-facing business”. However, it added that once the US Federal Reserve and Attorney General had issued regulations “requiring each payment system and all participants therein to identify and block or otherwise prevent or prohibit restricted transactions”, it would “have a clearer view of which companies are affected, how those companies will be expected to comply and any possible resulting impact on the company”. Neteller said it focus on developing its “business in line with its stated strategic objectives includig geographical product diversification”.