MGA and FIAU hold joint training workshops

Malta’s gambling regulator and the island nation’s top anti-money laundering (AML) agency have embarked on a series of joint training sessions

Malta’s gaming regulator and the island nation’s top of the inning anti-money laundering (AML) government agency feature embarked on a series of marijuana cigarette grooming sessions.

As division of an ongoing collaborationism 'tween the Republic of Malta Gaming Authority (MGA) and Financial Intelligence Analysis Unit (FIAU), they have taken it inwards turns to host a figure of workshops.

These are intended to disseminate industry-specific knowledge and raise a “general apprehension of the sphere at large.”

They also stand for an opportunity to discuss AML within the context of use of the gaming verticals regulated by the MGA.

In June, Malta was removed from the Financial Action Task Force’s (FATF) so-called “grey list” – a group of jurisdictions under “increased monitoring.”

This returned some credibleness to the island land following its itemisation utmost year, though the FATF said Republic of Malta should continue to sustain the improvements it had made.

As a result, these articulatio grooming sessions can live seen as an endeavor to farther beef up Malta’s efforts inwards compliments to AML and counter-terrorist funding (CTF).

“Collaboration is crucial when it comes to financial criminal offense compliance,” said Antonio Zerafa, Head of the MGA’s Financial Crime Compliance department.

“I am pleased with the raze of collaborationism that exists betwixt the MGA and FIAU, which goes well beyond the day-to-day concerted efforts, and which also includes proactive endeavours such as the workshops organised this week.

“This allows for a very efficient way of engagement, share-out knowledge and obtaining to a greater extent info almost a specific subject matter.”

This comes after the MGA conducted a go over of Malta’s Fiscal Receipts Lottery.