MGA sets new Audit Service Providers Prerequisites

20 Mar 2018

mga audit serviceThe Malta Gaming Authority (MGA) is about to change its regulatory framework and strengthen its controlling processes in order to set higher standards to its cooperators. As a result, from April 1st onward, licensed or about to be licensed providers by the Maltese Authority may come in terms with their preferred Service Provider when the MGA requires within a specific time schedule a system and/or a compliance review.

Applications for Audit Service Providers

Service Providers wishing to be licensed by MGA in order to operate as auditors must:

• Fill in and submit an Audit Service Provider Application Form, along with the necessary documents;
• Meet all the Audit Service Provider criteria;
• Certify that at all times two or more partners or directors or not less than one partner or director and one lead auditor, are fully authorized to perform as auditors;
• Ensure that the approved auditors as a whole are financially and IT qualified
• Pay the non-refundable Audit Service Provider approval fee (€1,000);
• Pay the annual Service Provider maintenance fee (€500) in advance.

In order to perform as an Auditor, the Service Provider must fulfil all the prerequisites mentioned above. The license has a two (2) years validity from the day of issuance. Service providers are forbidden to sub-contract any part of the services as part of the new regulations.

The MGA will reevaluate Compliance and/or Systems Audit reports frequently in order to ensure that the service fulfills al the required criteria. Depending on this control, the Authority has every right to dismiss the Service Providers non-respectful to the new standards.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

Swedish online gambling operator Betsson initiates an expansion in Mexico which will be facilitated in partnership with Big Bola casinos. This will la...

Read more »

The renowned bookmaker Parimatch, has announced the creation of a new supervisory board with CEO Sergey Portnov leaving his post and becoming chairman...

Read more »

The United Kingdom Gambling Commission expects that a new inserted three-year programme will be the beginning of a better and more regulated market, w...

Read more »

The leading sports betting company Entain, extends the amount of international regulated markets in which it operates by 30% during the past year, by ...

Read more »

Online betting operator 888sport, has come to terms with League of Ireland Premier Division football club Shamrock Rovers regarding a new sponsorship ...

Read more »

Premier League team owners arranged a meeting on March 25 to discuss potential partnerships between their clubs and bookmakers. The main goal of the m...

Read more »

The Danish gambling regulator, Spillemyndigheden, has gotten approval from the City Court to block an extensive list of betting sites. Specifically, i...

Read more »

The official sponsor of Juventus, Parimatch, has launched a new video as part of its cross-marketing campaign. The video will feature Juventus famous ...

Read more »

The chief executive of the UKGC, Neil McArthur, announced that he has resigned from his position. His 15 year tenure came to an end with immediate eff...

Read more »

The renowned bookmaker Betsson announced that it has been licensed by the Regional Council of Darmstadt to launch its sportsbook in the German market....

Read more »

LIST OF TOP BOOKMAKERS
22bet
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
100% up to €122
888sport
  • 10.000 live events per month
  • 40+ sports
  • Bet Builder
  • Code:30FB
€30 Free Bets
1xBet
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • Code:BOOKSPY
100% up to €130
Bwin
  • 50+ sports
  • Cards & Corners
  • Edit my bet
High Odds
Mr Play Sports
  • 10.000 pre-match events per month
  • 35+ sports
  • 140+ extra bets
High Odds
20Bet
  • More than 1,000 live events/day
  • 150+ markets in football
  • 40,000+ events/month
100% up to €100
Rabona
  • 20.000+ live events per month
  • 95%+ on Top 5 leagues and NBA
  • Alternative handicaps on basketball
100% up to €100
SlotsNBets
  • 94% payout in top football leagues
  • Competitive in-play odds
  • Multiple tennis events
  • Code:bookmakers
120% up to €100
CyberBet
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
  • Code:BOOKMAKERSBET
100% up to $250
Bet365
  • Ideal for football lovers
  • 150+ extra bets on top leagues
  • Multiple Asian handicap markets
€25 Bet Credits
Rolletto
  • 95%+ on tennis
  • Alternative spreads on basketball
  • Asian View
120% up to €240
Unibet
  • 250.000+ pre-match events/year
  • 10.000+ live events monthly
  • 96%+ on Asian Handicaps
€25 Welcome Bonus
Zodiacbet
  • 30+ sports
  • Asian Handicaps
  • Card and Corner bets
  • Code:ZB100S
100% up to €100
Betfair
  • The largest and the most reliable betting exchange in the world
  • You can trade your bets
  • Wide range of markets
  • Code:ZSKABS
100% up to €20
Betinia
  • MGA license
  • 10,000+ events monthly
  • Asian Handicaps
100% up to €100
LATEST BOOKMAKER PROMOTIONS