Malta
MGA: Malta’s 2023 National Risk Assessment Released
Malta’s 2023 National Risk Assessment (NRA) has recently been published, providing a comprehensive assessment of the country’s exposure to threats and vulnerabilities stemming from money laundering, terrorist financing, proliferation financing and targeted financial sanction risks.
The NRA holds significant relevance for subject persons, providing them with crucial insights into existing risks and enabling them to effectively adjust their compliance approach and risk mitigation strategies.
Coordinated by the National Coordinating Committee on Combating Money Laundering and Funding of Terrorism (NCC), the NRA was developed in close collaboration with all government authorities involved in the fight against financial crime and representative bodies from the private sector.
Key findings from the NRA include:
- Malta’s overall money laundering residual risk has decreased when compared to the 2018 NRA, reflecting the effectiveness of mitigating measures implemented by authorities and the private sector.
- Notable improvements were registered across a number of sectors, including legal persons, trust and company service providers, banking, investment services, accountants and auditors, gaming and virtual financial assets service providers.
- Other sectors, in particular financial institutions, real estate agents and dealers in high-value goods, also registered lower levels of risk. Nevertheless, compared to others, these sectors are susceptible to a higher risk of money laundering.
- Some of the higher risks identified include laundering proceeds from drug trafficking, foreign organised crime and fraud (including cybercrime).
- Money laundering typologies presenting a higher level of residual risk include the abuse of cash and cash-based businesses, the use of Maltese registered companies lacking sufficient links to Malta, complex corporate structures and the acquisition of high-value movable and immovable property.
- Residual risks associated with terrorism financing, proliferation financing and targeted financial sanctions were found to be moderate.
All subject persons are obliged to consider the risks identified in this latest version of the NRA as part of their risk assessment process, reviewing and updating their controls, policies and procedures as necessary to reflect and mitigate the identified risks.
Digicode is pleased to announce that Itai Zak, Executive Director of iGaming at Digicode, will participate as a speaker at the highly anticipated NEXT.io Summit in Valletta 2025, taking place from May 5 to 8.
Itai Zak will contribute to the panel discussion titled “Blood or Business?”, part of the summit’s dedicated Personal Development Hub, which focuses on leadership, mental wellbeing, and workplace culture across the iGaming industry.
Moderated by Emily Leeb, CEO of Saroca, the panel will address the complexities of professional relationships within the sector, examining how genuine leadership can foster healthy environments while maintaining essential boundaries. Zak will be joined by other prominent industry figures, including Peter Grech (CEO & Founder, BRND WGN), Claire Adamou (VP of Development, Saroca), and Fiona Ewins Brown (Executive Coach, Mondial Coaching).
Itai Zak will share insights into how evolving leadership styles can shape a safer, more sustainable industry, while promoting genuine care without compromising professionalism.
“The iGaming industry moves quickly, and leadership needs to keep pace – not just with innovation, but also with how we support our people. It’s time for real conversations about what a healthy, high-performing workplace looks like. I’m excited to be part of this important discussion at NEXT.io”, Zak added.
This year’s NEXT.io Summit is expected to attract over 6,000 participants, making it one of the largest and most impactful events on the global iGaming calendar. The event will feature open discussions, interactive workshops, and networking opportunities, bringing together the industry’s top minds to tackle its most pressing challenges.
Digicode’s involvement in the summit underlines the company’s commitment to industry leadership, innovation, and the advancement of positive workplace practices.
The post Leadership, Culture & Innovation Conversations – Itai Zak Joins NEXT.io Valletta appeared first on European Gaming Industry News.
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In a bold move set to shift the foundation of iGaming, the creators behind some of the industry’s most advanced AI tools are preparing to unveil a next-generation platform — and they’re doing it with style.
On Tuesday, May 6th at 20:30 CET, Valletta’s iconic 200 Old Merchants Street will be transformed for one night only into a live, immersive showcase of what’s next. The strictly invite-only gathering will bring together top-tier media, industry leaders, developers, and innovators for the debut of a powerful new end-to-end AI system built specifically to reshape how games are imagined, created, and brought to market.
“This isn’t just another tool — it’s a paradigm shift in how we think about building games,” said Mark Flores Martin, CEO of XGENIA. “Everything from speed to quality to who gets to create and what — it’s all about to change.”
Designed to radically streamline the development pipeline, the system bridges the gap between creative vision and execution. It eliminates inefficiencies, replacing outdated workflows with a unified platform for concepting, building, and refining games with AI, at unprecedented speed — all while enhancing creative freedom and control.
Those interested in attending the event or receiving early access details can join a waitlist at https://lu.ma/7le61lye
Space is limited.
The post XGENIA to Unveil AI Set to Reshape the Future of iGaming appeared first on European Gaming Industry News.
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