AML/CFT – Prevention and Supervision
The Malta Gaming Authority (MGA) acts as the supervisory authority over the land-based and the remote gaming sectors in terms of the Prevention of Money Laundering and Funding of Terrorism Regulations (S.L. 373.01 of the Laws of Malta) (PMLFTR) and is thus considered an ‘agent’ of the Financial Intelligence Analysis Unit (FIAU) in terms of the Prevention of Money Laundering Act (Cap. 373 of the Laws of Malta) (PMLA). More specifically, the MGA is responsible for monitoring compliance of casino and gaming licensees with the PMLA, the PMLFTR and any Implementing Procedures or guidance issued thereunder, and for reporting non-compliance with the same to the FIAU.