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The Malta Gaming Authority (MGA) has announced the signing of a memorandum of understanding that has seen it further consolidate its long-standing relationship with the island nation’s Financial Intelligence Analysis Unit (FIAU). to debut exclusively at Leo Vegas via the Relax Gaming Network.”The Cherry AB subsidiary offers a comprehensive suite of “best performing local jackpot games,” including Ozwin’s Jackpot, Holmes & the Stolen Stones, Doctor Fortuno and the adventure-themed title, Jackpot Raiders, as well as its progressive jackpot offerings Empire Fortunes and Joker Millions....

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”Segment security:The FIAU is an agency of the Maltese government responsible for collecting, collating and analyzing information with the aim of combating money laundering and terrorism funding.The advanced feature enables prize pools within the provider’s jackpot games to be instantly boosted, for an increase in win potential.The iGaming regulator used an official Wednesday press release published by European Gaming Media and Events to detail that the fresh alliance is due to see the two entities work to improve their information sharing capabilities so as to better combat money laundering and the financing of terrorism....

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Due to the nature of our roles, we are in regular contact, also conducting joint supervision on MGA-licensed entities.”Additional opportunities:The MGA stated that the enhanced union is also set to allow the pair ‘to discuss avenues of further co-operation’ regarding their systems to stamp out money laundering and terrorist financing that could encompass the increased training and assessment of individuals holding ‘key positions’ withing licensed iGaming operators....

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The watchdog’s Director, Kenneth Farrugia, proclaimed that the improved accord with the MGA will further help the organization to ensure that ‘the highest levels of anti-money laundering and financing of terrorism compliance are applied across the gaming sector’.The iGaming regulator used an official Wednesday press release published by European Gaming Media and Events to detail that the fresh alliance is due to see the two entities work to improve their information sharing capabilities so as to better combat money laundering and the financing of terrorism.Increasing the jackpot pool will help give operators an edge over their competitors in what is an increasingly crowded iGaming market....