MGA and MFSA strengthen regulatory cooperation in Malta with new agreement
Malta is taking a decisive step to reinforce its regulatory framework. The Malta Gaming Authority (MGA) and the Malta Financial Services Authority (MFSA) have signed a new Memorandum of Understanding (MoU) designed to enhance regulatory cooperation between the two key institutions. This agreement marks a significant milestone in building a more integrated and effective supervision system for the country’s vital gaming and financial services sectors.
A broader approach beyond anti-money laundering
The newly signed MoU between the MGA and MFSA is not merely an extension of existing protocols; it represents a strategic effort to foster broader regulatory cooperation. The agreement complements an existing multi-party memorandum that also involves the Sanctions Monitoring Board (SMB) and the Financial Intelligence Analysis Unit (FIAU), authorities central to Malta’s fight against money laundering, terrorism financing, and the proliferation of weapons of mass destruction.
However, this latest agreement broadens the scope of collaboration beyond the fight against illicit financial flows. It establishes a structured exchange of information and joint training initiatives, aimed at enhancing institutional capabilities and fostering a more coordinated approach to overseeing operators and markets with increasing regulatory overlap.
Leadership voices: investing in collaboration and shared standards
The significance of this agreement was underlined by the leadership of both authorities. Charles Mizzi, CEO of the MGA, described the MoU as “a new step in our commitment to collaboration between authorities”. Mizzi highlighted that the agreement goes beyond mere information sharing, as it promotes shared standards and invests in the professional growth of industry personnel.
Kenneth Farrugia, CEO of the MFSA, echoed these sentiments, describing the MoU as vital to strengthening ties between Malta’s regulatory bodies. “The agreement enhances cooperation on regulated entities operating across both our sectors and places strong emphasis on the training of our supervisors, who play a central role in maintaining effective daily oversight”, Farrugia stated.
Malta invests in an integrated regulatory model
The timing of this agreement is crucial for Malta, which continues to position itself as a key European hub for both the gaming and financial services industries. While these sectors may appear distinct, they increasingly intersect, particularly in areas such as compliance, risk management, and market integrity.
In this context, the regulatory cooperation between the MGA and MFSA is part of a broader strategy to safeguard Malta’s international reputation. The country is striving to stand out not only for its attractive business environment but also for the robustness and transparency of its regulatory standards.
A clear step towards the future
The new Memorandum of Understanding between the MGA and MFSA sends a clear message: Malta is committed to strengthening regulatory cooperation and investing in the human capital of its supervisory authorities. In a global environment that grows more complex by the day, where risks become more sophisticated and regulations more intertwined, institutional collaboration is no longer optional – it is essential. Malta has chosen the path of regulatory synergy to ensure high standards and protect the integrity of its markets.
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