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MGA Highlights Need for Specific AML Training in Gaming Industry



Strengthening the Frontline: The Crucial Need for Enhanced AML Training in the Gaming Sector

In a recent review by the Malta Gaming Authority (MGA), in collaboration with the Maltese Financial Intelligence Analysis Unit (FIAU), a spotlight has been cast on the imperative need for more specific Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) training among Money Laundering Reporting Officers (MLROs) and executives within the gaming industry. This comprehensive evaluation, encompassing 23 compliance inspections, unveils a significant insight: while gaming operators possess a robust understanding of AML and CFT frameworks, they falter when it comes to the application of these frameworks against specific financial threats.

The Gap in Knowledge and Application

The MGA’s scrutiny reveals that the gaming sector’s grasp on general AML/CFT regulations and procedures is commendable. Operators are well-versed in risk profiling, executing thorough Know Your Customer (KYC) checks, and identifying general financial threats. Yet, the review indicates a pressing gap in comprehending and managing specific AML risks pertinent to the remote gaming sector. This gap underscores a crucial area of improvement, necessitating targeted administrative measures and a more nuanced understanding of the sector’s unique vulnerabilities.

Recommendations for a Robust Defense

Addressing this critical need, the MGA and FIAU recommend an intensified focus on training programs tailored to the specific risks and procedures inherent to the gaming industry. Such training should aim to equip MLROs and executives with the knowledge and tools necessary to proactively identify and mitigate nuanced financial threats. Furthermore, the authorities advocate for a continuous education model, ensuring that the sector’s defence evolve in tandem with emerging threats and regulatory changes.

MGA’s Pioneering Initiative: The Sports Betting Integrity Conference

In a laudable effort to foster collaboration and knowledge sharing among industry stakeholders, the MGA recently hosted its inaugural Sports Betting Integrity Conference. This landmark event brought together a constellation of high-profile entities, including international sports organisations, integrity bodies, and local authorities. The conference served as a platform for discussing best practices, challenges, and innovative strategies for safeguarding the integrity of sports betting and combating corruption.


A Unified Call to Action

The findings and recommendations emerging from the MGA’s review, coupled with the proactive dialogue facilitated by the Sports Betting Integrity Conference, signal a unified call to action. The gaming industry, with its dynamic landscape and inherent complexities, must prioritise the fortification of its AML/CFT defences. Through specialised training, continuous learning, and collaborative efforts, the sector can elevate its resilience against financial crimes, ensuring a safe and trustworthy gaming environment.

The Road Ahead: Implementing Change

As the gaming industry continues to navigate the challenges posed by financial threats, the insights provided by the MGA and FIAU offer a roadmap for enhancing compliance and operational integrity. By embracing targeted training and fostering a culture of continuous improvement, gaming operators can not only meet regulatory expectations but also contribute to the broader fight against money laundering and terrorism financing. The journey ahead is one of commitment, collaboration, and unwavering dedication to the highest standards of ethical conduct and professional excellence.

In summary, the Malta Gaming Authority’s recent review underscores the critical need for specialised AML training within the gaming sector. By addressing this need, the industry can strengthen its defences, protect its players, and uphold its reputation as a pillar of integrity and trust in the global gaming landscape.


Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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