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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). 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’.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....
The iGaming regulator used an official Wednesday press release published by European Gaming Media and Events to detail that the fresh alliance is due to see the two entities work to improve their information sharing capabilities so as to better combat money laundering and the financing of terrorism.’Farrugia’s statement read…“Our relationship with the FIAU has gone from strength to strength, particularly since the introduction of the European Union’s fourth anti-money laundering directive.”...
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