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Posted: 08/31/2020 | Final replace: 02/21/2022

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The dutch The Dutch Kansspelautoriteit (KSA) Gaming Authority and the Malta Gaming Authority have not too long ago declared to enter into an settlement by signing a Memorandum of Understanding (MoU). MGA enters into this settlement with KSA in an try to additional the frequent curiosity and help one another by way of secure gaming insurance policies and practices.

The Function of the Memorandum of Understanding

Below the MoU, there shall be additional cooperation between the 2 regulators. Each regulators will now be capable to cooperate with one another by sharing data and finest practices associated to playing legal guidelines and duties. They may even have a daily session on varied coverage points.

As of this MoU, each regulators could have mutual advantages. They may share frequent functions and measures to forestall dangerous playing and be sure that the sport is clear and honest for gamers. Additionally, they are going to maintain susceptible individuals and defend them in opposition to playing habit.

Rene Jansen is the president of Kansspelautoriteit. In line with him, he’s delighted to have an MoU settlement with the famend Malta Gaming Authority. He strongly believes that MoU shall be a powerful basis to assist, share information and seamlessly share essential playing data between them.

Moreover, varied gaming operators will obtain a transparent message that each famend regulators shall be linked internationally.

Heathcliff Farrugia is the CEO of MGA. He additionally expresses his satisfaction in signing this settlement with the Dutch Playing Authority. In line with him, this MoU with the Dutch regulator is one other large step in the fitting path.

MGA regulators are additionally following related MoUs they’ve signed with different authorities lately. By far, his company and his relationship with the Dutch regulator have already delivered tangible outcomes. Now, this MoU will additional assist to kind sturdy collaboration at a excessive stage and focus on insurance policies extra effectively.

Different MoU Agreements of the Malta Gaming Authority

Just a few months in the past, MGA and FIAU, also referred to as the Monetary Intelligence Evaluation Unit, consolidated their sturdy relationship via an MoU. As a part of the settlement, they purpose to share data, by way of anti-money laundering and different playing practices.

In line with Farrugia, they’re linked with FIAU for the reason that designation of the fourth European directive in opposition to cash laundering. They’re in common contact with and collectively monitor all MGA licensed corporations.

With the assistance of this MoU, they are going to proceed to drive this collaboration ahead and be sure that the Maltese gaming sector is free from drawback playing and crime. In addition they deal with sure measures to forestall cash laundering and fight the financing of terrorism.

The MoU settlement between these two authorities has additionally affected all MGA based mostly casinos like Casumo, Crazyno and different on line casino operators. All of them are required to supply strict KYC and AML checks for purchasers. The provisions of the MoU enable each authorities to debate cooperative practices by way of AML/CFT, along with providing enough coaching to entities approved by the MGA.

In 2019, MGA signed a memorandum of understanding with the Malta Police. This settlement went on to enhance the effectiveness of cooperation whereas exchanging data on pointers between gaming operators. This settlement has considerably strengthened the connection between the 2 authorities.

Regardless of sturdy collaboration, each authorities formally agreed to share important data and provide one another technical steering. This settlement is a testomony to the prevailing efforts of the 2 authorities to mutually fight unlawful playing actions in Malta.

For the reason that settlement, they’ve labored collectively to effectively sort out cyber and monetary crimes of their respective international locations.

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