The gambling regulators of Malta and Sweden have agreed to increase cooperation between the two jurisdictions.
The Malta Gaming Authority (MGA) and Sweden’s Spelinspektionen have signed a memorandum of understating to facilitate on-going close communications between the two authorities, and to support effective sharing of information on matters of mutual interest and policy areas.
Both authorities have also agreed to provide “the best possible operational assistance” to one another, in accordance with their respective procedures and regulatory policies.
“Many of the companies that have received a Swedish license also have technical equipment and a license in Malta,” said Camilla Rosenberg, director general of Spelinspektionen.
“By opening the communication channels between the authorities we become stronger in our supervisory activities. This is the beginning of a broad and long-term cooperation, and our plan is to initiate corresponding collaborations with more gambling authorities in Europe.”
MGA chief executive Heathcliff Farrugia commented: “The MGA is always actively seeking to foster relationships with fellow authorities and other international regulatory bodies as we firmly believe that such relationships are key to reaching our objectives, especially in the area of remote gaming which is fundamentally cross-border in nature.
“This MoU, signed with the Swedish Gambling Authority, is an important step towards achieving both our respective regulatory goals in vital areas of mutual interest, especially since the MGA and the Swedish Gambling Authority share a significant number of operators licensed by both regulators. We are eager to start this mutually beneficial journey with our Swedish counterpart.”