The Malta Gaming Authority (MGA) imposed more than £5m in fines for money laundering related offences in 2020. These fines show how anti-money laundering (AML) has become one of the most pressing regulatory areas for gambling firms in Malta and all major jurisdictions. Failure to comply with AML regulations could result in irreparable damage.
Under the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) 2008, organisations are required to regularly train employees in understanding how transactions may be related to the proceeds of criminal activity and how the person carrying out the transaction may be engaged in money laundering or the funding of terrorism.
The objective of our Malta AML course is to help you understand the consequences of money laundering and terrorist financing, including details of the principles embedded in Maltese laws and regulations to combat money laundering. By working through realistic business case scenarios, you will be able to apply systems and controls designed to manage the risks related to these activities.
This course has been created for online operators and is suitable for those in compliance, legal and management roles.
Alternative available versions:
Key Learning Objectives
By the end of this course you will be able to:
“We have partnered with VIXIO GamblingCompliance to provide learning solutions as part of our wider internal training programme to maintain our high AML standards. This allows us to reinforce our culture of compliance and not only meet, but exceed AML obligations. The courses are graded so the level of training can be provided on a risk basis, depending on the role.”
Money Laundering Reporting Officer, Online Casino