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The sky’s the limit at United Remote

George Miller

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The sky's the limit at United Remote
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Aggregator United Remote has moved its headquarters to the state-of-the-art 14 East skyscraper, Malta’s second tallest building, and the landmark building seen from capital city Valletta.

These new premises for the aggregator are not the only change, but this is a very visible statement by the aggregator that it means business, and comes as the restructuring of the enterprise nears completion. 14 East skyscraper stands out not least due to the stunning views it showcases, reaching from Sliema and St Julian’s to Manoel Island and Valletta, right on to Mdina, which is in the middle of Malta, several miles from the prestigious office location. Moreover, the iconic building and its views can be enjoyed from anywhere within due to glass partitions, without, crucially, compromising on privacy, thanks to expert acoustic treatments.

United Remote’s aggregation platform provides a broad portfolio of games from respected international partners combined with pioneering real-time backend tools for casino operators. The company has successfully completed a period of intensive restructuring which has resulted in major technology and enterprise investments, with the organisational culture having been significantly reshaped to provide added-value to operators and the company investing in new office surroundings at 14 East for the United Remote team that mirrors management’s ambition to be a leading industry platform.

A team of over 30 people inhabits three levels within the stunning new 14 East skyscraper, delivering technology and services that are used by the global iGaming industry. Part of the floorspace is occupied by a re-energised United Remote Games, who are innovating around a legacy portfolio and bringing new releases to market with increasing frequency.

In addition to technology investments and enhancements, United Remote has been adapting the agreements the company previously had put in place, de-risking the entire enterprise, and focusing very particularly on customer protection. In addition, United Remote has been building a strong compliance culture as well as raising standards in terms of transparency, the glass fronted 14 East symbolising this transparency on a daily basis for every member of the team.

United Remote has embraced substantial change to streamline new integrations and provide operators more profitable real-time data. This is all part of upping United Remote’s service to the iGaming industry and ensuring that the B2B-channel is given priority with an easy-to-use back-end where operators can quickly set up the tools available on the platform.

Jeremy Fall, CEO of United Remote added: “It’s great to see this global company thriving in this new environment at 14 East to the extent that it has necessitated this move to these excellent new offices. It is also a great endorsement of Malta as an excellent and supportive jurisdiction for a technology company of this caliber. Working in an office like this is inspiring for the whole team and we look forward to significantly growing our business here over the next couple of years.”

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MGA | Notice by Sanctions Monitoring Board – Invitation to Subscribe to Notification Service

George Miller

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MGA | Notice by Sanctions Monitoring Board - Invitation to Subscribe to Notification Service
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The Sanctions Monitoring Board (SMB) within the Ministry for Foreign Affairs, would like to invite you to subscribe to its notification service. As the competent National authority on sanctions, the SMB issues regular notifications in relation to updates of National, EU or UN sanctions in addition to information pertaining to upcoming events or guidance issued by the Board itself.

The role of the Sanctions Monitoring Board is to ensure the effective implementation of UN, EU and national sanctions with the assistance of other government authorities, supervisory bodies, FIs and DNFBPs. The SMB is the national competent authority in Malta for sanctions implementation is the Sanctions Monitoring Board which is set up under the National Interest (Enabling Powers) Act. For more information on the Sanctions Monitoring Board please visit here.

To subscribe to this service please kindly send an email to [email protected].

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FIAU and MGA publish Implementing Procedures Part II for the Remote Gaming Sector

George Miller

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FIAU and MGA publish Implementing Procedures Part II for the Remote Gaming Sector
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The Financial Intelligence Analysis Unit (“FIAU”), in conjunction with the Malta Gaming Authority (“MGA”), has today published a revised version of the Implementing Procedures Part II for the Remote Gaming Sector.

The changes carried out were rendered necessary to address amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”) and to the Implementing Procedures – Part I, as well as to reflect realities that FIAU and MGA officers have been encountering in the course of supervisory activities. The salient revisions made to these Implementing Procedures are listed hereunder:

  • Providing further guidance on customer due diligence (“CDD”), such as on the verification of customers’ identity, the carrying out of ongoing monitoring, dealing with customers who are PEPs, as well as on the requirements that persons acting as MLROs are expected to meet;
  • Clarification on the obligations of subject persons when the customer is not willing to provide the same with the necessary information and/or documentation required as part of CDD;
  • Further elaboration on risk factors which are to be taken into account by subject persons, such as on the involvement of affiliates;
  • The extension of the licensees’ own anti-money laundering and countering the funding of terrorism (“AML/CFT”) obligations to physical establishments used to extend licensees’ customer reach;
  • The provision of targeted guidance on Corporate Licensees; and
  • The inclusion of case studies based on actual cases analysed by the FIAU’s own Intelligence Analysis Section.

In an effort to further assist interested parties, the FIAU has also published on its website a copy of the original Implementing Procedures Part II with all the changes carried out tracked out for ease of reference.

Subject persons are reminded that these Implementing Procedures and the amendments that have been made thereto focus on certain aspects of the PMLFTR and their application that warrant further elaboration at industry-specific level in order to ensure their correct interpretation and application by licensees. Licencees are hereby being reminded that to understand and fulfil their AML/CFT obligations, they are to read these Implementing Procedures in conjunction with the Implementing Procedures Part I.

The revised version of the Implementing Procedures Part II is effective from today the 2nd July 2020.

The Implementing Procedures Part II can be viewed from here.

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The MGA Publishes its 2019 Annual Report and Financial Statements

George Miller

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The MGA Publishes its 2019 Annual Report and Financial Statements
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The Malta Gaming Authority (MGA/Authority) is publishing its Annual Report and Financial Statements for the financial year ending 31 December 2019, providing an overview of the work performed throughout the year by the Authority. In addition, the report also includes a summary of the performance of the Maltese gaming industry during 2019 and an outlook for the medium-term future.

The following are the key highlights from the Annual Report covering the year 2019:

  • The Authority cancelled 14 licences and suspended 11. In addition, it issued 20 warnings, 89 Notices of Breach and 23 administrative fines imposed on operators following various regulatory breaches;
  • 89 applications for a gaming licence were received in 2019; 44 applications were either rejected or withdrawn and 53 licences were issued during the period under review, including licences the application for which had been received during the previous year;
  • 15 individuals and companies were deemed not to be up to the Authority’s probity standards by the Fit & Proper Committee, mainly on the basis of mitigating the risks of money laundering or funding of terrorism;
  • 48 audits were conducted by the Compliance and AML function;
  • 69 international cooperation requests were sent by the MGA in 2019, predominantly as part of the criminal probity assessments, with the Authority receiving 58 international co-operation requests;
  • 1,300 criminal probity screening assessments were carried out in 2019;
  • The Authority revised its Memorandum of Understanding (MoU) with the Financial Intelligence Analysis Unit, and also signed an MOU with the Malta Police Force, aimed at strengthening the fight again corruption and money laundering;
  • As at the end of December 2019, the number of companies licensed by the MGA, including both online and land-based entities, stood at 294.

In publishing this report, Heathcliff Farrugia, Chief Executive Officer of the Malta Gaming Authority, stated that: “Overall, 2019 was a very challenging but at the same time rewarding year for the MGA. The increased focus on compliance and enforcement which was prevalent throughout the year has yielded tangible results for the Authority.

This focus led to internal restructuring for the better achievement of the MGA’s objectives, and was also pivotal in the Authority’s drive towards the setting up of the Sports Integrity Unit, tasked with increasing the commitment towards the fight against the manipulation of sports competitions. In its first months, this unit has already signed important collaboration agreements with international sport bodies in order to tackle betting-related corruption and ensure the integrity of sports.

Such collaboration, both at a local and international level was high on the agenda in 2019, and will continue being crucial in 2020, as a key determining factor in the ongoing fight against crime, corruption and money laundering.”

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