The UK Gambling Commission (UKGC) and the Malta Gaming Authority (MGA) have officially cemented their partnership by signing a Memorandum of Understanding (MoU). This step aims to improve joint efforts towards elevating standards within the entertainment sector.
Details of the Directive
The memorandum, signed by the leaders of both organisations, highlights the significance of international cooperation in tackling common regulatory challenges within the global gambling sector.
By formalising their collaboration, the organisations strive to:
- improve oversight;
- strengthen punters' protection;
- prevent criminal activity.
The MGA and the UKGC plan to bolster their regulatory frameworks through:
- joint initiatives and monitoring;
- information and expertise sharing;
- the adoption of best practices aimed at boosting security.
The MoU coincides with the UKGC’s preparation of a study on the UK’s black market, with preliminary results anticipated in the spring of 2025. This research aims to give the commission an initial understanding of the problem’s scope.
Representative’s Comments
The UKGC’s CEO, Andrew Rhodes, underlined the significance of formalising the cooperation. This step marks a new milestone in the organisations' collaborative efforts towards tackling shared industry issues, such as illicit gambling and money laundering.
The MGA’s CEO, Charles Mizzi, added that this strategic move is a logical continuation of an already time-tested and fruitful partnership. By bolstering cooperation, the organisations will be more effective in raising industry standards and addressing common challenges.
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