In partnership with the Financial Intelligence Analysis Unit, the Malta Gaming Authority has completed a thematic review of the remote gaming sector.
The review was set out with the aim of assessing gaming operator’s knowledge of matters relating to anti-money laundering and combatting the funding of terrorism.
Overall, the review concluded that interviewees, who were largely money laundering reporting officers from remote gaming operators, showed a “solid understanding of key AML/CFT principles.”
The thematic review also identified areas for improvement in relation to the knowledge on the administrative measures applicable under the PMLFTR. While interviewees were able to detail the high-level concepts of the risk-based approach, there was room for improvement when it came to their awareness of the inherent and residual risks faced by their respective companies.
The MGA and the FIAU said that they “encourage all MLROs and relevant employees to familiarise themselves with the findings and key takeaways of this review, and to take steps to incorporate any necessary enhancements.”
