The Malta Gaming Authority (MGA) has published its Annual Report, providing a breakdown of its supervisory activities, regulatory objectives and policy initiatives undertaken during the financial year ending 31 December 2021. The report outlines the MGA’s evaluation of achievements and performance governing its licence holders who operate across multiple European online gambling jurisdictions. 2021 saw the MGA carry out 54 …
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Malta requires Hungary to clarify licensing conditions to EU member states
Malta has become the first EU member state to submit a ‘detailed opinion’ on Hungary’s draft proposals to reform its online gambling laws, ending its state-owned monopoly regime. Last February, the government of Hungary notified the European Commission (EC) of its plans to review draft proposals that will establish a new regime liberalising its domestic online gambling marketplace. Back in …
Read More »Mr Green sees SEK 30m Swedish AML penalty appeal rejected
Mr Green has had its appeal against Swedish gambling inspectorate Spelinspektionen rejected by the Administrative Court of Linköping. Last Summer, William Hill’s European online gambling subsidiary was fined penalties totalling SEK 31.5 million (€3.1m) by Spelinspektionen for ‘failing to comply with due diligence and AML duties in order to protect customers’. Spelinspektionen ordered Mr Green to pay a SEK 1.5 …
Read More »Soft2Bet awarded licence from the Irish Revenue Commissioners
Casino and sportsbook platform provider Soft2Bet has confirmed this week that it has been given a licence from the Irish Revenue Commissioners, enabling the firm to offer its extensive portfolio of casino games in Ireland. Soft2Bet’s entry into the Irish market marks yet another strategic move for the operator group which is in the process of expanding its global footprint …
Read More »MGA confirms departure of Dr Sant as General Counsel
The Malta Gaming Authority (MGA) is looking for a new General Counsel after confirming that incumbent Dr Yanica Sant has chosen to end her four-year tenure as legal lead of the regulatory authority. Updating stakeholders, the MGA confirmed that Sant would remain in office until February 2022, continuing to fulfil functions that “MGA’s management consider to not give rise to any …
Read More »Italian sting implicates Malta businesses in money laundering network
Italy’s federal police force has arrested 12 suspects connected to its ‘Operation Game Over II’ criminal investigation of illegal and mafia-associated gambling websites. A dozen individuals have been charged on counts of criminal conspiracy to carry out the ‘fraudulent conveyance of assets’ through illicit online gambling businesses. Investigators cited that the suspects were processing illegal online wagers via websites belonging …
Read More »FIAU orders new AML commands on Malta business
The Malta Gaming Authority (MGA) has warned licensed operators that they are expected to be familiarised with the revised AML Implementing Procedures (IPs) that will be applied by the Financial Intelligence Analysis Unit (FIAU). Last week, the FIAU updated its IPs guidance on AML and compliance duties that are required to be maintained by registered businesses. The revised orders follow …
Read More »TebWin prioritises responsible gambling in QPR partnership
TebWin has become the official betting partner of Queens Park Rangers (QPR) for the 2021/22 season. The collaboration sees the blue and yellow logo displayed around the Kiyan Prince Foundation Stadium along with other promotional material. King J. Entertainment is the marketing company behind the Tebwin.com sportsbook, and Business Manager, Pearl Dougal, commented: “We are delighted to be able to …
Read More »Visan Khaniev: Why the quick Alpha Affiliates scale-up is a consequence of sustainable growth
Alpha Affiliates is scaling up on a rapid level having passed the 1 million active players mark last year. The company, launched in 2012, continues to expand its presence in the affiliate market, now collaborating with 10,000+ partners all over the world. We spoke to COO Visan Khaniev about all things affiliate marketing, including expansion plans, the tightening of regulations, …
Read More »Malta moves forward with Action Plan to repair its AML status
The government of Malta has published its action plan to drastically improve AML safeguards and financial compliance duties that have plagued the country’s status as a financial services hub. The action-plan has been required by the Financial Action Task Force (FATF) of the G7, which this summer placed Malta on its ‘grey-list’ of untrustworthy financial jurisdictions. An FATF evaluation of …
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