The Malta Gaming Authority (MGA) is the ‘ideal platform’ for Pinnacle Solution’s ambitious growth plans as it looks to partner with more sportsbooks in more markets. That was a key message from Pinnacle Solution CEO Paris Smith. Speaking to SBC News, Smith explains how the sportsbook management software provider plans to stand out from the competition in Malta before giving …
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The Financial Action Task Force (FATF) will visit Malta this Friday, to clarify whether the island’s financial authorities have completed the assigned action plan on AML policies. Malta had previously been placed on a greylist of financially risky jurisdictions by the FATF – the G7’s AML and anti-terrorist financing investigative unit – after the task force identified a number of …
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Soft2Bet has strengthened its leadership team by appointing Kiril Nestorovski as its new Director of B2B, with responsibility for ‘leading and executing expansion strategies’ across its products and services. In his new position, Nestorovski will lead the firm’s B2B operations in order to find an effective execution to its expansion plans across in new and emerging markets. The firm successfully …
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The Malta Gaming Authority (MGA) has warned licensed operators that they are expected to be familiarised with the revised AML Implementing Procedures (IPs) that will be applied by the Financial Intelligence Analysis Unit (FIAU). Last week, the FIAU updated its IPs guidance on AML and compliance duties that are required to be maintained by registered businesses. The revised orders follow …
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The Malta Gaming Authority (MGA) has made substantial changes to its key functions requirements by updating standards for licence applications, resignations, appointments and player accounts, among other areas. Having come into force on 20 October, the update means that new licence applicants must inform the authority of the identity of persons at the company who hold the role of CEO, …
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The Malta Gaming Authority (MGA) has disclosed that it has invoked article-10 of its ‘Gaming Compliance and Enforcement Regulations‘ to cancel the licence of Evobet Limited. The cancellation has been effective since 16 July, imposed on Evobet Limited the licence holding business of pan-European online sportsbook and casino brand Evobet.com – that has operated under an MGA licence since 2012. …
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The Malta Gaming Authority (MGA) has revealed that the country’s gambling sector has recorded one of its highest growth rates in value added relative to other sectors, but is now making less of a contribution to the island’s economy. As detailed in the MGA’s Annual Report and audited Financial Statements for the financial year ending December 31, 2020, the country’s …
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Malta has been placed on a greylist of the Financial Action Task Force (FATF) – the global AML and anti terrorist financing unit of the G7. The EU member state has previously faced international criticism regarding issues such as the Panama Papers scandal, which saw Maltese government figures implicated in establishing offshore companies encountered little legal action, as well as …
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iGaming Academy has signed a new partnership with UK-based Rubik Talent which will focus on addressing the “digital talent shortage felt across the iGaming industry”. Through the agreement, Rubik graduate trainees will benefit from an “industry focused iGaming education” before they proceed to full stack software development or data engineering as part of the Rubik Academy. In a statement, the …
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Malta may have to withdraw its EU sports betting veto in order to pass the Financial Action Task Force’s Moneyval test, conducted due to concerns that the jurisdiction is a financially unsafe area, safeguarding the interests of Europe’s financial and business communities. The FATF’s decision, based on a report by Moneyval – which serves as the Council of Europe’s anti-money …
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