The Malta MGA and FIAU strengthen the relationship


The Malta Gaming Authority (MGA) and the Financial Intelligence Analysis Unit (FIAU) have consolidated their long-standing relationship through a Memorandum of Understanding (MoU), specifically aimed at improving information sharing and collaboration between the two entities, on the areas of anti-money laundering monitoring ( AML) and combating the financing of terrorism (CFT), as provided for in the Money Laundering Prevention Act (Chapter 373 of the Laws of Malta). About The Financial Intelligence Analysis Unit: Established in 2002 and is the national central agency in Malta responsible for the collection, collection, processing, analysis, and dissemination of information to combat money laundering and terrorist financing.

The MGA’s Chief Executive Officer, Heathcliff Farrugia, said: “Our relationship with the FIAU has gone from strength to strength, particularly since the introduction of EU’s 4th Anti-Money Laundering Directive. Due to the nature of our roles, we are in regular contact, also conducting joint supervision on MGA-licensed entities. This MOU will thus continue to strengthen this collaboration, underpinning our resolve to ensure Malta’s gaming sector is kept free from crime, preventing money laundering and combating the funding of terrorism.”

Kenneth Farrugia, Director of the FIAU, said: “The MGA is a strategic partner of the FIAU in ensuring that the highest levels of AML/CFT compliance are applied across the gaming sector. The MOU will therefore further strengthen the long-standing excellent relationship and the level of collaboration between the two authorities and demonstrates our commitment and determination in increasing Malta’s effectiveness in combatting money laundering and terrorism financing.”