Over the past three days, the Malta Gaming Authority received a delegation from the Malawi Gaming Board and the National Lotteries Board.
The visit was requested by the Malawian regulatory authorities to learn and replicate best practices in the regulation of the online gaming sector.
Following a tour of the MGA offices, and a discussion revolving around the structure of the Authority, the MGA organised a number of presentations over two days, including an overview of the licensing and compliance processes, criminal probity assessments, Anti-Money Laundering supervision processes, and the utilisation of risk-based approach to regulation. The visit came to a close with a tour of land-based establishments, providing further insights into the sector.
Recently promoted Kinga Warda, chief officer for policy & international affairs commented: “We welcome opportunities to share our knowledge and expertise with regulators who are reviewing or coming up with their regulatory frameworks.
“These visits are the ideal platform for knowledge-sharing, mutual collaboration, and discussions. We have a unique opportunity to shape the gaming regulation worldwide and share our know-how”.
Just last week, Malta was voted off the Financial Action Task Force grey list, paving the way for a return to normality in its banking and regulatory environment. While no shortcomings related to the gaming sector specifically caused its inclusion in the list of increased monitoring, sweeping reform and an enhanced compliance environment has led to changes across all regulatory bodies on the island.
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Online betting is now more popular than ever, and all across Europe, users can sign up to licensed and trusted betting sites in Malta