MGA and MFSA sign MoU to strengthen regulatory cooperation – Malta Gaming Authority

Summary

The Malta Gaming Authority (MGA) and the Malta Financial Services Authority (MFSA) have signed a bilateral Memorandum of Understanding (MoU) to deepen co-operation and formalise their working relationship across regulatory areas of mutual interest.

The agreement sits alongside an existing multi-party MoU (SMB, FIAU, MFSA and MGA) that covers anti-money laundering, terrorist financing and proliferation risks, but the new bilateral MoU is intended to broaden practical co-ordination between the two authorities beyond those specific areas.

The MoU sets out mechanisms for information exchange, co-operation on due diligence and enforcement issues, and a clear focus on training and capacity building to upskill supervisors where regulatory responsibilities overlap. Both CEOs — Charles Mizzi (MGA) and Kenneth Farrugia (MFSA) — emphasised the value of closer ties, professional development and shared regulatory standards to support effective oversight of similar players in the gaming and financial sectors.

Key Points

MGA and MFSA signed a bilateral MoU to strengthen regulatory co-operation between the two authorities.
The MoU complements an existing multi-party agreement addressing AML, terrorist financing and proliferation risks.
It establishes a framework for information exchange, co-ordination on due diligence and enforcement, and other mutual regulatory interests.
The agreement includes provisions for training and upskilling to build institutional capacity where responsibilities overlap.
The MoU aims to ensure oversight across the financial and gaming sectors remains coordinated, responsive and forward-looking.

Why should I read this?

Short version: if you operate in Malta’s gaming or financial sectors (or work with firms that do), this matters. The two main regulators are formalising how they share info, enforce rules and train staff — which can affect compliance expectations, enforcement focus and how quickly issues are resolved. We’ve read it so you don’t have to — worth a quick look if you need to stay on top of regulatory shifts.

Source

Source: https://www.mga.org.mt/mga-and-mfsa-sign-mou-to-strengthen-regulatory-cooperation/