Tag Archives: Moneyval

The government of Malta has detailed that it has strengthened policy and compliance in the gambling sector to minimize exposure to threats and vulnerabilities stemming from money laundering (ML) and terrorist financing (TF). Measures were outlined by the ‘National Risk Assessment (NRA) on Money Laundering (ML) and Funding for Terrorism (TF)‘, a review of financial risks across Malta’s business sectors. …

The National Revenue Agency (NRA) of Bulgaria has blocked access to over 150 unlicensed gambling websites as part of an enforcement campaign initiated this September.  The department that oversees gambling within its supervisory remit informed that the majority of illegal websites were licensed outside of EU member states jurisdictions. The NRA did not publish any details on which websites it …

The National Revenue Agency (NRA) of Bulgaria has formed a new branch titled “Prevention and Counter Action Against Money Laundering” – part of the government’s commission that oversees gambling activity in the country.  This is part of the list of changes introduced to Bulgaria’s gambling regulatory framework in 2020 that place the Director of the NRA as the ultimate legal …

Andrew Lyman, Gibraltar’s Chief Commissioner for Gambling, has stated that his department is committed to helping the government remove the British Overseas Territory from the Financial Action Task Force‘s (FATF) ‘greylist’ – ‘in the quickest of time possible’.  The statement was made to delegates attending the KPMG Gibraltar e-Gambling Summit this morning, in which Lyman detailed his surprise at the …

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 …

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 …