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

netherlands malta prevent illegal gambling

The dutch The Gaming Authority known as Dutch Kansspelautoriteit (KSA) and the Malta Gaming Authority have lately declared an settlement by signing a Memorandum of Understanding (MoU). MGA enters into this settlement with KSA as an try to additional frequent curiosity and help one another when it comes to protected gaming insurance policies and practices.

The Objective of the Memorandum of Understanding

Beneath the MoU, there will probably be additional cooperation between the 2 regulators. Now, each regulators will be capable of cooperate with one another by sharing info and finest practices associated to playing legal guidelines and tasks. They may also have common session on numerous coverage points.

From this MoU, each regulators can have mutual advantages. They’ll share frequent functions and measures to forestall dangerous playing and be sure that the sport is clear and truthful for gamers. As well as, they may deal with susceptible individuals and defend them in opposition to playing habit.

Rene Jansen is the president of the Kansspelautoriteit. In accordance with him, he’s delighted to have an MoU settlement with the famend Malta Gaming Authority. He strongly believes that MoU will probably be a strong basis to help, share information and seamlessly share essential playing info with one another.

Moreover, a number of gaming operators will obtain a transparent message that each famend regulators will probably 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 accordance with him, this MoU with the Dutch regulator is one other huge step to go in the appropriate path.

MGA regulators additionally comply with different comparable MoUs that they’ve signed with different authorities in recent times. By far, his company and his relationship with the Dutch regulator have already yielded tangible outcomes. Now, this MoU will additional assist to kind a powerful collaboration at a excessive stage and focus on insurance policies extra effectively.

Different Malta Gaming Authority MoU Agreements

A couple of months in the past, MGA and FIAU, also called the Monetary Intelligence Evaluation Unit, consolidated their strong relationship via an MoU. As a part of the settlement, they purpose to share info, when it comes to anti-money laundering and different playing practices.

In accordance with Farrugia, they’re linked with FIAU because the designation of the fourth European directive in opposition to cash laundering. They’re in common contact with and collectively oversee all MGA licensed companies.

With the assistance of this MoU, they may proceed to advance this collaboration and be sure that the Maltese gaming sector is free from drawback playing and crime. In addition they handle sure measures to forestall cash laundering and fight the financing of terrorism.

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

In 2019, MGA signed a MoU with the Malta Police. This settlement went on to enhance the effectiveness of cooperation whereas exchanging info on tips between playing operators. This settlement has considerably strengthened the connection between each authorities.

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

Because the settlement, they’ve labored collectively to effectively deal with cyber and monetary crime of their respective international locations.

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Dutch And Maltese Gaming Regulators Signs MoU To Prevent Illegal Gambling