The purpose of the MOU
Under In the MoU, there will be an elevated partnership between the two regulators. Now, all directors should be able to connect with each other by sharing information and best practices related to game responsibilities and rules. They will also hold regular discussions on a number of legal issues.
From this MoU, all directors will have all the benefits. They will share similar goals and strategies to prevent harmful gambling and ensure that players gamble more openly and fairly. In addition, they will care for vulnerable people and protect them as opposed to the habit of gambling.
Rene Jansen is the Chairman of Kansspelautoriteit. According to him, he is happy to have a MoU partnership with the prestigious Malta Gaming Authority. He strongly believes that the MoU will be a solid basis for supporting, sharing knowledge, and actively sharing key gambling principles.
In addition, several players have received a clear message that well-known directors will be connected worldwide.
Heathcliff Farrugia is the Chief Executive at MGA. He also expressed his satisfaction with the signing of the agreement with the Dutch Gambling Authority. According to him, this MoU is a Dutch regulator and another good step towards the right path.
MGA regulators also follow other similar MoUs that have signed with other authorities a few years ago. So far, their organization and their relationships with Dutch executives have already brought tangible results. Now, this MoU will also help create a stronger alliance at a higher level and better discuss the issues.
Other MoU agreements of the Malta Gaming Authority
A few months ago, MGA and FIAU also known as the Financial Intelligence Analysis Unit reaffirmed their strong relationship through a partnership. As part of the deal, they want to share more information, including money laundering and other gambling practices.
According to Farrugia, he has been affiliated with FIAU since its election The fourth anti-money laundering practice in Europe instructions. They communicate regularly and oversee all companies with MGA certifications.
With the support of this MoU, they will continue to strengthen the alliance and ensure that the Malta playing field is free from gambling and crime. They are also discussing ways to prevent money laundering and counter-terrorism.
The MoU alliance between the two regimes has also affected all MGA casinos such as Casumo, Crazyno and other casino operators. All are required to provide KYC certificates and AML certificates to customers. The content of the MoU enables all officials to discuss operating procedures in accordance with AML / CFT and to provide appropriate training to accredited organizations and MGAs.
In 2019, the MGA signed the MoU with the Malta Police Force. The alliance was designed to support the success of the alliance as the exchange of technical information between the players. The alliance has greatly strengthened the relationship between the two regimes.
Although there is a strong consensus, both parties have agreed to share the findings and provide technical advice to each other. The agreement is a testament to the two governments’ commitment to the non-Malta game.
Since the agreement, they have worked together to better solve computer and financial problems in their respective countries.
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