Malta
News & Analysis
News In Brief: February 13-February 17, 2023
News In Brief: February 13-February 17, 2023
UK Gambling Commission Hits Blue Star Planet With AML Enforcement
Maltese Regulator Outlines Distributed Ledger Policy, European Markers Of Harm Support
Research & Reports
Regulatory and Enforcement Landscape: United Kingdom, Sweden and Malta
Interactive Map: Gambling Advertising Across Europe
EU Online Gambling Outlook 2020
Despite the fact that EU countries are generally some of the most mature markets when it comes to regulating online gambling, a few have yet to issue any licences. In Germany, the latest amendments to the gambling regulatory framework entered into force at the beginning of 2020, allowing for an unlimited number of online sports-betting licences to be issued straightaway.
Malta: FIAU Consults on Proposed Amendments to Prevention of Money Laundering and Funding of Terrorism Regulations
On October 14, 2019, the Financial Intelligence Analysis Unit (FIAU) released a consultation paper on proposed amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR), which seek to transpose the 5th Anti-Money Laundering Directive (5th AMLD) into Maltese law.
The key changes related to the payments industry can be summarised as below:
Malta: Financial Intelligence Unit Consults on Application of AML/CTF Obligations to Virtual Financial Assets Sector
On October 31, 2018 the Financial Intelligence Analysis Unit (FIAU) launched a consultation on the application of anti-money laundering and counter-terrorism financing (AML/CTF) obligations to the virtual financial assets sector.
A virtual financial asset (VFA) is defined as "any form of digital medium recordation that is used as a digital medium of exchange, unit of account or store of value and that is not: electronic money; a financial instrument; or a virtual token".