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

Steve Tyler Free Content

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 cooperation across regulatory matters. This new agreement complements an existing multi-party MoU covering anti-money laundering (AML), counter‑terrorist financing and proliferation-related matters, and establishes a structure for broader, day-to-day coordination between the two authorities.

The bilateral MoU sets out collaboration on mutual regulatory interests, enhanced information exchange, due diligence and enforcement cooperation, and includes commitments to joint training and capacity building to address areas of regulatory overlap and strengthen supervisory skills.

Key Points

  • The MGA and MFSA signed a bilateral MoU to formalise closer regulatory cooperation in Malta.
  • The agreement complements an existing multi-party MoU that governs AML, counter‑terrorist financing and proliferation issues.
  • The new MoU targets broader areas of mutual interest including information sharing, due diligence and enforcement coordination.
  • Training and education provisions are included to upskill supervisors and build institutional capacity where responsibilities overlap.
  • CEOs Charles Mizzi (MGA) and Kenneth Farrugia (MFSA) emphasised the importance of inter‑agency collaboration and higher regulatory standards.
  • The move aims to ensure oversight across the financial and gaming sectors remains coordinated, responsive and forward‑looking.

Context and relevance

This bilateral MoU reflects an ongoing trend for closer co‑operation between sectoral regulators, particularly where industries and businesses operate across both financial and gaming spheres. For licence holders, compliance teams and advisers working in Malta, the agreement signals tighter coordination on enforcement and due diligence — potentially leading to more consistent supervisory expectations and shared best practice.

For the wider regulatory ecosystem, the emphasis on training and capacity building is notable: both authorities are investing in the skills needed to manage overlapping risks, which could improve the speed and quality of supervisory responses.

Why should I read this?

Short version: if you work with or advise gambling or financial services in Malta, this matters. The two regulators are formalising how they talk, train and act together — so expect closer scrutiny, clearer cooperation on enforcement and a push to raise supervisory capabilities. We’ve skimmed the formalities so you don’t have to.

Source

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