Malta MGA wants industry stakeholders to get smart on new EU-wide anti-money laundering rules.

first_img StumbleUpon Share Submit TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 Related Articles Soft2Bet continues new market drive with Irokobet launch August 26, 2020 Alberto Alfieri: Leading the way for Gamingtec’s B2C growth August 25, 2020 Share Issuing a market update, the Malta Gaming Authority (MGA) has published a joint industry consultation with the Financial Intelligence Analysis Unit (FIAU) detailing forthcoming changes to EU-wide business policy relating to ‘anti-money laundering and combatting the funding of terrorism (AML/CFT) requirements’.The document highlights provisions set by the European Parliament and Council on new regulations relating to the prevention of financial systems and processes for the purpose of AML and terrorist financing.The MGA warns that industry stakeholders will now have to meet EU AML/CFT requirements in order to maintain their MGA approved licensees. The new directives will be forced directly into the Maltese law of Directive (EU) 2015/849. Working with the FIAU, the MGA has published its stakeholder consultation detailing new an initial outline of how licensees will be expected to comply with these obligations.This consultation document will serve as the basis for a more detailed sector-specific guidance document that will be issued at a later stage following due consultation with the remote gaming sector. The document is divided into five main sections, each of which corresponds to what is considered by the FIAU and the MGA as being the main AML/CFT obligations of subject persons.The MGA has requested for industry stakeholders to submit questions and feedback regarding the document at [email protected] (feedback openuntil the 11th of August 2017).Document can be downloaded at read more

FIFA extends Juventus coach Conte’s ban worldwide

first_imgJuventus coach Antonio Conte had his 10-month suspension for match-fixing violations extended by FIFA on Friday to include all matches worldwide, barring him from working at a Champions League game against Chelsea next week.Conte’s ban “covers all types of matches, including domestic, international, friendly and official fixtures,” FIFA said in a statement.Juventus, a two-time European champion, begins the Champions League group stage away to titleholder Chelsea on Wednesday. The group also includes Shakhtar Donetsk and Nordsjaelland.FIFA said the sanction could be changed if Conte wins an appeal, “such as the one currently pending at the National Arbitration Tribunal for Sport in Italy.”Conte was suspended by the Italian football federation in the offseason for failing to report match-fixing by an opponent when he coached then-Serie B team Siena in the 2010-11 season.Conte later guided unbeaten Juventus to the Serie A title this year in his first season in Turin.Juventus technical director Massimo Carrera has taken charge at matches this season while Conte and his assistant Angelo Alessio are banished from match-day duties. Conte has been criticized by at least one rival coach for continuing to take training sessions.FIFA said it was preparing to extend suspensions worldwide to other players and officials implicated in the ongoing Italian match-fixing investigation.“FIFA is currently reviewing additional documentation provided by the (Italian federation) in relation to other sanctions,” football’s world governing body said.last_img read more