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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 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).In January this year, Yggdrasil introduced its first title that features the new Splitz mechanic....

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

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