RSM Malta

MGA Directive regarding the Prevention of Money Laundering and the Funding of Terrorism

The Malta Gaming Authority has issued a Directive on the Key Function of the Prevention of Money laundering and the Financing of Terrorism (Directive 3 of 2020).

From the coming into force of this directive, B2C Licensees shall ensure that at least one of the Key Function Holders vested with exercising the Key Function of the Prevention of Money Laundering and the Financing of Terrorism must also be an FIAU-registered MLRO in accordance with the procedures laid down in the directive.

The directive is effective as of the 20th of July 2020.

Business to Customer licensees have been granted a two month transition art period.

For more information in this respect please do not hesitate to contact Vladimiro Comodini: [email protected] and Francois Ganado: [email protected]