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Due to the nature of our roles, we are in regular contact, also conducting joint supervision on MGA-licensed entities.The Malta Gaming Authority (MGA) has announced the signing of a memorandum of understanding that has seen it further consolidate its long-standing relationship with the island nation’s Financial Intelligence Analysis Unit (FIAU). The watchdog’s Director, Kenneth Farrugia, proclaimed that the improved accord with the MGA will further help the organization to ensure that ‘the highest levels of anti-money laundering and financing of terrorism compliance are applied across the gaming sector’....
”Segment security:The FIAU is an agency of the Maltese government responsible for collecting, collating and analyzing information with the aim of combating money laundering and terrorism funding. Due to the nature of our roles, we are in regular contact, also conducting joint supervision on MGA-licensed entities.Additional opportunities:The MGA stated that the enhanced union is also set to allow the pair ‘to discuss avenues of further co-operation’ regarding their systems to stamp out money laundering and terrorist financing that could encompass the increased training and assessment of individuals holding ‘key positions’ withing licensed iGaming operators....
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The Malta Gaming Authority (MGA) has announced the signing of a memorandum of understanding that has seen it further consolidate its long-standing relationship with the island nation’s Financial Intelligence Analysis Unit (FIAU).”Increasing the jackpot pool will help give operators an edge over their competitors in what is an increasingly crowded iGaming market....
Increasing the jackpot pool will help give operators an edge over their competitors in what is an increasingly crowded iGaming market.Read a statement from the latter Farrugia…“The memorandum of understanding will therefore further strengthen the long-standing excellent relationship and the level of collaboration between the two authorities and demonstrate our commitment and determination in increasing Malta’s effectiveness in combatting money laundering and terrorism financing.More recently, the Stockholm-headquartered developer scored a strategic Franchise IP licensing agreement with Asian gamehunters slots of vegas lctxleader in distributed casino technology and next-generation services, Flow Gaming....
