Prevention of Money Laundering and Funding of Terrorism
The definition of 'business relationship' has been amended in order to include transactions that involve property that may have been derived directly or indirectly from, or constitutes the proceeds of criminal activity in "Case 2" (suspicion) scenario.
The definition of 'funding terrorism' has been amended in order to include the conducts relating to (i) use and possession; and (ii) funding arrangements; and (iii) facilitating retention or control of terrorism property as defined in articles 328G to 328I of the Criminal Code.
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Hosting around 10% of the world's online gaming operators, Malta's involvement in the remote gaming industry is growing at a fast pace.
The Lotteries and Gaming Authority of Malta issues all licenses for remote and online gaming operations.