Anti-Money Laundering Updates

The FIAU Publishes Guidance Note on the Money Laundering Reporting Officer

On the 6th of April 2022, the Financial Intelligence Analysis Unit (“FIAU”) published a new Guidance Note on Common Issues related to the Money Laundering Reporting Officer (“MLRO”). In its announcement, the FIAU stated that the Guidance Note is being issued in response to several questions that it has received from Subject Persons on how […]

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FIAU publishes 2022 Risk Evaluation Questionnaires

The 2022 Risk Evaluation Questionnaires (“REQs”) has become available on the Compliance and Supervision Platform for Assessing Risk (CASPAR) System for completion by subject persons as from 1st March 2022. Notwithstanding this, a copy of the revised 2022 REQs per sector is available here. This will allow subject persons to start collecting and collating the […]

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Notice on the intensifying state of affairs between Russia and Ukraine

With reference to the intensifying state of affairs between Russia and Ukraine, the Malta Gaming Authority (“the Authority”) would like to remind its licensees of their sanctions monitoring obligations under article 17(6) of the National Interest (Enabling Powers) Act and any guidance/directions issued by the Sanctions Monitoring Board (“SMB”). Licensees are particularly reminded of their […]

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FIAU updates Implementing Procedures Part I

On 18 October 2021, the FIAU announced that the Implementing Procedures Part I (IPs) have been revised following a period of consultation with different stakeholders, including remote gaming operators. These IPs shall therefore replace the previous version which was issued on 20 May 2021. The main changes brought about by the revised IPs include further […]

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The MGA Issues Updates to the Gaming Authorisations and Compliance Directive & Key Function Eligibility Criteria Policy

The Malta Gaming Authority is hereby publishing a series of amendments to the Gaming Authorisations and Compliance Directive (Directive 3 of 2018). The amendments mainly relate to the following: The overall number of key function roles and their underlying responsibilities; The deadlines by when certain key function requirements are to be observed; The persons who […]

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FIAU publishes document entitled Enforcement Factsheet

The Financial Intelligence Analysis Unit (FIAU) has published an Enforcement Factsheet, which is an informative document containing findings and conclusions derived from an analysis of the enforcement actions undertaken by the FIAU in 2019 and 2020. The purpose of this document is to highlight AML/CFT compliance trends and provide even more insight into the FIAU’s […]

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FIAU along with MGA & MFSA publish document entitled The Business Risk Assessment

The Financial Intelligence Analysis Unit (FIAU) in collaboration with the Malta Gaming Authority (MGA) and the Malta Financial Services Authority (MFSA) are publishing a document entitled The Business Risk Assessment. The document provides an overview of the key findings about Business Risk Assessments (BRAs) carried out by subject persons as per their obligations under the […]

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Key figures and observations based on the 2019 STRs received from Remote Gaming Operators

A strategic analysis was conducted by the FIAU on the Remote Gaming sector titled “Key figures and observations based on the 2019 STRs received from Remote Gaming Operators”. The document may be found on this link. The Authority urges all Gaming Licensees to make good use of this analysis which delineates the latest ML/TF trends and typologies.

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