Malta Gaming Authority Spearheads Efforts to Collaborate on AML and CFT

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The Malta Gaming Authority (MGA) has participated in several workshops aimed at enhancing cross-regulator collaboration, particularly in the areas of anti-money laundering (AML) and countering the financing of terrorism (CFT) efforts.

MGA's AML unit collaborated with the Financial Intelligence Analysis Unit's (FIAU) supervision unit in a joint workshop to prepare for and consolidate examinations conducted during Q1 2023. The two authorities worked together to further refine the supervisory process.

FIAU Head of Supervision Claudia Callus emphasized the importance of cooperation with strategic partners in combatting money laundering and terrorism financing. She stressed the need for well-trained employees who understand each other's work and processes to ensure effective AML/CFT supervision.

Antonio Abdilla Zerafa, MGA's Head of Financial Crime Compliance, highlighted the strong collaborative relationship between the regulators, which is vital for AML/CFT supervision within the gaming industry. To maintain this relationship, the FIAU, and MGA organize various workshops, including those before and after joint supervisory engagements, to optimize efficiency and effectiveness.

Related: Interview with Carl Brincat, CEO of MGA.

Additionally, both authorities, along with the Malta Financial Services Authority (MFSA), participated in a full-day training session on supervisory techniques and processes for staff involved in compliance examinations. The objective was to share insights and best practices among the authorities. AML Manager Rachel Bezzina provided an overview of the MGA's AML unit's examination process structure and outlined the main goals for the year.

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