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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’. Due to the nature of our roles, we are in regular contact, also conducting joint supervision on MGA-licensed entities.More recently, the Stockholm-headquartered developer scored a strategic Franchise IP licensing agreement with Asian jokers wild cas ino vegas qrqileader in distributed casino technology and next-generation services, Flow Gaming....

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Close connection:Heathcliff Farrugia, Chief Executive Officer for the MGA, used the press release to declare that he is ‘delighted’ to have signed such an agreement with the FIAU so as to further ensure that the online gaming market in Malta ‘is kept free from crime.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.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)....

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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. The new release features BTG’s renowned Megaways random reel-modifier mechanic along with the Dual Reaction mechanic that splits the main reels in two.The advanced feature enables prize pools within the provider’s jackpot games to be instantly boosted, for an increase in win potential....

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”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.”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. Due to the nature of our roles, we are in regular contact, also conducting joint supervision on MGA-licensed entities....

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The new release features BTG’s renowned Megaways random reel-modifier mechanic along with the Dual Reaction mechanic that splits the main reels in two.’Farrugia’s statement read…“Our relationship with the FIAU has gone from strength to strength, partijokers wild cas ino vegas qrqicularly since the introduction of the European Union’s fourth anti-money laundering directive.Read a statement from the latter Farrugia…“The memorandum of understanding will therefore further strengthen the long-standing excellent relationship and the level of collaboration between the two authorities and demonstrate our commitment and determination in increasing Malta’s effectiveness in combatting money laundering and terrorism financing....