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Gaming & Betting

Malta Gaming Authority Announces Major Overhaul Of Maltese Gaming Law

This article was written by Dr. Michael Psaila and Dr. Andrea Theuma.The Malta Gaming Authority ('MGA') has just published a new consultation paper proposing major reforms to Malta's current gaming legal framework. The proposed overhaul aims to repeal all the existing gaming legislation currently in force by replacing the latter with a singular primary Act of Parliament entitled the Gaming Act, which will empower the competent Minister to publish regulations and grant powers to the MGA to publish directives and issue rulings as well as guidelines and policies, thereby ensuring timely and flexible interventions, especially in relation to technical specifications…
Michael Psaila
17th July 2017
News and Publications

EU Council lift sanctions against Iran

The MFSA has issued a Notice to all Financial Services Licence Holders confirming the removal of sanctions against the state of Iran via EU Council Regulations adopted on the 16th January 2016. Such measures primarily: •             Remove the entities and individuals that were previously on the sanctions lists and assets pertaining thereto. •             Removes previous restrictions relating to transfer of funds to and from Iran •             Reallows the  provision of banking services including the establishment of correspondent banking relationships and opening of accounts for non-listed Iranian institutions and persons •             Reallows the opening of branches, subsidiaries or representative offices of…
MamoTCV Advocates
1st July 2016