MGA and FIAU publish the second advisory document with the requirements concerning the fight against money laundering and terrorist financing


February  6 2018

The Financial Intelligence Analysis Unit (FIAU) and the Malta Gaming Authority published yesterday the revised second consultative document on the application of the anti-money laundering and terrorist financing requirements that gaming dealers in the country should respect.  The document will be valid for all operators authorized to provide services that involve the betting of money-worthy mail in games of chance, including games with an element of skill, via electronic remote means at the request of the recipient of such services , with the possibility of winning cash prizes or monetary equivalent.

The act takes into consideration the feedback received in relation to the first consultative document issued by the MGA and FIAU on 10 July 2017 and tries to respond to some of the concerns expressed by the concessionaires.