MGA sets gaming devices regulation

The MGA has issued a Gaming Devices (Exhibition of Gaming Devices) ruling.
The MGA has issued a Gaming Devices (Exhibition of Gaming Devices) ruling.

The gambling regulator from Malta (MGA) said that anyone that wishes to use gaming devices for exhibition purposes must submit a form.

Malta.- The Malta Gaming Authority, the gambling regulator from Malta, continues to push forward to create the best regulatory framework in the continent. Thus, the MGA has issued a Gaming Devices (Exhibition of Gaming Devices) ruling.

The ruling is in relation to the exhibition of gaming devices in fairs, exhibitions and similar events related to gaming. MGA said that anyone that wishes to use gaming devices for exhibition purposes must submit the form in its website.

After submitting the form, that person or entity must obtain MGA’s approval before being able to exhibit gaming devices. The regulator said that the application can be submitted by hand, post or email.

AML report bashes Malta’s rules

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, also known as Moneyval, has released its evaluation of the anti-money laundering regime in Malta. The monitoring body of the Council of Europe gave Malta a poor grade in a draft evaluation. The local government says it will implement changes before the final score.

Moneyval assessed compliance in Malta with the international standards to fight money laundering and the effectiveness of rules implementation. The report highlighted Malta’s risks when it comes to large banking and online gambling sectors.

The monitoring body indicated that local police rarely took advantage of information to trace criminal money. It said that Malta wasn’t doing enough to fight money laundering risks in online gambling.

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Malta MGA regulation