No, the service that we use does nothing of that sort.
They just have an API that interfaces with the gov't updated list.
Not to come across as antagonistic, but:
I worked about a year ago for the largest Internet telecommunications company, entirely API-driven. You might have heard of them -- they're pre-IPO.
Every single API request was logged and saved. At multiple levels. We were required by law to keep these logs. Had we discarded them, we would have been punished. Severely.
I'm only letting you guys know because, if you weren't aware of this, you should be aware now. I can only speak from experience and reasonable deduction, of course.
If a customer of ours is on the list, he would not get past our homepage.
Ah! So the chances of someone already in your system experiencing a blockade of funds are close to nil. OK.
Right now, we don't have the API fully integrated so I wont find out until after the transfer.
However, we will not and do not freeze funds, ect.
Our job is to simply report it, with a 1 page form that we are given.
This is an interesting development. Thanks for the info. Maybe you guys want to blog about this, and include these details in the blog post.
As usual and as always, remember: I do not hold you or anyone at BitInstant in ill regard.
