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MALTA AND ALDERNEY SIGN MOU
21st October, 2013 at 23:32:55
To share common regulatory best practices
Malta's Lotteries and Gaming Authority (LGA) has entered into a bilateral Memorandum of Understanding (MOU) with the Alderney Gambling Control Commission (AGCC).
The MOU will provide a formal framework for cooperation between the two jurisdictions covering the exchange of information, investigative assistance of providers and remote gaming services, cloud regulation, reciprocal server location issues, recognition of national certification bodies and player liquidity.
Mario Galea, chairman of the LGA said: "With this MOU the two jurisdictions recognise the common values underlying their regulation of remote gaming namely to ensure consumer protection and the protection of society and public order, amongst others, and to regulate in such a way as to ensure fair, responsible and secure provision of gaming services, implemented through robust and comprehensive systems, mechanisms and monitoring.
The MOU is an important step in the development and sharing of common regulatory best practices, including employee exchange programmes, common certification standards and other practical and operative arrangements to reflect technological and other developments in the area, which should benefit operators in both jurisdictions as it will endeavour to reduce the amount of duplication and costs of doing business in the two jurisdictions, added Andre Wilsenach, chief executive officer of the AGCC.
Related News Tags: Alderney, Malta
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