Malta's status as Europe's online gambling capital is under threat after it was added to the global money laundering watchdog FATF's “gray list” in June
At the end of last year, 323 companies were licensed to offer overseas online gaming services from Malta, attracted by low taxes, obliging regulators, and a deeply agreeable lifestyle with 320 days of sunshine. But that may soon come to an end https://www.bloomberg.com/...
“The same person funds your company, gets your license, becomes your key official, carries out your audit, and sends the reports to the MGA.” https://www.bloomberg.com/...
Brilliant deep dive into Malta's once-booming, always-shady, now-existentially imperiled online gambling paradise, from @WillemMarx in @business https://www.bloomberg.com/...
At the end of last year, 323 companies were licensed to offer overseas online gaming services from Malta, attracted by low taxes, obliging regulators, and a deeply agreeable lifestyle with 320 days of sunshine. But that may soon come to an end https://www.bloomberg.com/...
Malta wanted to be like Ireland, but it's being treated more like Venezuela by Europe's white-collar crime cops. Had fun editing this story by the many-talented @WillemMarx https://www.bloomberg.com/...
Malta's target of a 🌎 AML action, as basic financial safeguards aren't in place & a journo exposing political/gambling corruption was murdered in 2017 It's the online gambling capital of Europe UK operators fled to Malta from 2007 to avoid 10% of taxes https://www.bloomberg.com/.…