ARTICLE · 21 MAY 2025

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The Regulator's Expectations Vis-a-vis The MLRO

BDO Malta

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The function of the MLRO is one of the main and most important AML CFT controls subject persons are required to implement.

MaltaGovernment, Public Sector

BDO Malta

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The Malta Gaming Authority (MGA) has published an update to its guidance on System Audits, System Reviews, and Compliance Audits.

This clarification builds on the regulatory update issued last year and takes into account feedback from Approved Audit Service Providers such as BDO Malta as well as practices considered effective within the sector. The updated guidance aims to ensure that audit procedures remain effective, with expectations clearly communicated to both licensees and audit providers.

Summary of Procedural Updates

Approved Audit Service Providers are required to complete System Audits and System Reviews within sixty (60) days of receiving approval from the MGA, while Compliance Audits must be concluded within ninety (90) days. All reports must be submitted electronically through the Authority's portal.

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