On 5 July, European Gaming reported that the MGA had issued its Annual Report and audited Financial Statements for the financial year ending 31 December 2020. It is reported that the MGA –
- issued 69 warnings, suspended 3 licences, and cancelled another 12;
- issued a total of 24 administrative penalties;
- conducted 30 compliance audits by the Compliance and AML function;
- carried out 324 desktop reviews, of which 98 identified deficiencies;
- found 8 individuals and companies not to be “fit and proper”;
- conducted a total of 27 AML/CFT supervisory examinations;
- conducted 65 interviews with prospective MLRO and key persons carrying out the AML/CFT – 8 were rejected;
- received 67 international cooperation requests from other regulators and sent 47 such requests; and
- received 168 requests for information specifically relating to the manipulation of sports competitions or breaches in sports rules.
https://www.mga.org.mt/wp-content/uploads/MGA-AR-2020-web.pdf
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