gambling license malta

A Key Official would need to be appointed within 21 days from issue of the LOI.

Following find a list of responsibilities that need to be adhered to by the Companies' Key Official (KO):

System review / Certification of compliance.
Sealing of Servers and also responsible to make sure seals are not broken, and if so must be reported to the LGA and re-sealed.
Incident reports - the LGA is to be advised in respect of any changes made to either the hardware or software of the company, by signing and submitting the Incident reports.
Keeping the LGA updated in respect of any changes to be made, to the set-up approved by LGA.
Submission of monthly gaming tax and annual gaming license fee.
Submission of the Company's Accounts / Audit.
Ensuring players' funds are adequately held by the Company at all times.
Data Protection.
NSO - National Statistics.
KO is to have access to the back-end system.

Further, the Key Official together with the Management of the Company needs to ensure that the Company is operating in line with the following Malta regulations:

Companies Act, 1995
Data Protection Act, 2001
Electronic Commerce Act, 2001
Electronic Communications (Regulation) Act, 1997
Income Tax Act, 1948
Income Tax Management Act, 1994
Lotteries and other games Act, 2001 as amended (Remote Gaming Regulations)
Prevention of Money Laundering Act, 1994

The LGA has a staff compliment of over 40 personnel, all with the necessary background in the different areas of gaming. The officers directly involved in Remote Gaming are involved in the following functions: Application Processing, Involvement Verification, Regulatory Supervision, Financial & Accounting, Information Management, Legal & Enforcement, Inspections and Marketing.