International edition
October 27, 2021

The revised Part II is effective from July 2

Malta: MGA and FIAU issue revised implementing procedures for online gaming licensees

Malta: MGA and FIAU issue revised implementing procedures for online gaming licensees
MGA said that in order to understand and fulfil their AML/CFT obligations, licensees must read these Implementing Procedures Part II in conjunction with Part I.
Malta | 07/03/2020

The changes address amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) and to the Implementing Procedures Part I. They include the extension of the licensees’ own AML/CFT obligations to physical establishments used to extend licensees’ customer reach.

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alta’s Financial Intelligence Analysis Unit (FIAU), in conjunction with the Malta Gaming Authority (MGA), published Thursday a revised version of the Implementing Procedures Part II for the Remote Gaming Sector.

The changes, effective from July 2, aim to address amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) and to the Implementing Procedures – Part I, as well as to reflect realities that FIAU and MGA officers have been encountering in the course of supervisory activities.

The key revisions made to these Implementing Procedures are the following:

  • Providing further guidance on customer due diligence (CDD), such as on the verification of customers’ identity, the carrying out of ongoing monitoring, dealing with customers who are PEPs, as well as on the requirements that persons acting as MLROs are expected to meet;
  • Clarification on the obligations of subject persons when the customer is not willing to provide the same with the necessary information and/or documentation required as part of CDD;
  • Further elaboration on risk factors which are to be taken into account by subject persons, such as on the involvement of affiliates;
  • The extension of the licensees’ own anti-money laundering and countering the funding of terrorism (AML/CFT) obligations to physical establishments used to extend licensees’ customer reach;
  • The provision of targeted guidance on Corporate Licensees; and
  • The inclusion of case studies based on actual cases analysed by the FIAU’s own Intelligence Analysis Section.

In order to further assist interested parties, the FIAU has also published on its website a copy of the original Implementing Procedures Part II with all the changes carried out tracked out for ease of reference.

MGA said that these Implementing Procedures and its amendments focus on certain aspects of the PMLFTR and their application that warrant further elaboration at industry-specific level in order to ensure their correct interpretation and application by licensees, fulfilling their AML/CFT obligations.

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