iGaming Law |  Apr 08, 2020

The MGA signs Memorandum of Understanding with the MBR

The Malta Business Registry (MBR) has signed a Memorandum of Understanding (MoU) with the Malta Gaming Authority (MGA). The purpose of the MoU is to encourage and facilitate close communication between the two authorities, and to strengthen the exchange of information, and other mechanisms to detect non-compliance and to aid the take-up of measures to ensure adherence to the rules.

The MBR also signed additional MoUs with other Competent Authorities as defined by the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR), including the Malta Financial Services Authority (MFSA) and the Sanctions Monitoring Board (SMB), with the aim of addressing challenges that the financial sectors face.

Notably, the MoUs enhance the relevant authorities’ mutual access to ultimate beneficial ownership information and are a clear signal that the authorities are committed to preventing the misuse of Malta’s legal and/or regulatory frameworks for criminal purposes including money laundering and funding of terrorism

Similar MoUs with other competent authorities are also in the pipeline.

Should you have any legal gaming queries, kindly contact us on gaming@gvzh.mt.

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#MaltaBusinessRegistry #MaltaGamingAuthority #MaltaLawFirm #GamingLawyersMalta

Key Contacts

Gayle Kimberley - GVZH Advocates - Malta Law Firm

Gayle Kimberley

Jackie Mallia | Consultant | GVZH Advocates

Jackie Mallia

Andrew J Zammit | Managing Partner | GVZH Advocates

Andrew J. Zammit

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