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Malta, Jersey Sign Gambling Regulation MoU

by Jason Gorringe, Tax-News.com, London

21 September 2012


Malta's Lotteries and Gaming Authority (LGA) and Jersey’s Gambling Commission (JGC) have entered into a Memorandum of Understanding (MoU) to establish a legal framework for the two authorities to cooperate more deeply on regulatory matters.

Under the terms of the agreement, the two jurisdictions aim to develop common responsible gaming measures and enhance consumer and player protection measures including the protection of minors and the vulnerable. In addition both jurisdictions will strive to develop and share common regulatory best practices including employee exchange programs, common certification standards and other practical and operative arrangements to reflect technological and other relevant developments in the area.

Welcoming the pact, the LGA stated: "This MoU will provide a formal basis and framework for cooperation between the two jurisdictions, including for the exchange of information and investigative assistance of providers and remote gaming services. The MoU also addresses issues such as cloud regulation, the recognition of the use of financial institutions located in the territory of either jurisdiction for gaming transactions, the recognition of national certification bodies and player liquidity."

The MoU was signed by Reuben Portanier, CEO of the Lotteries and Gaming Authority and Jason Lane, Chief Executive of the Jersey Gambling Commission.

A comprehensive report in our Intelligence Report series examining the new possibilities that offshore e-commerce open up for business, and analysing the offshore jurisdictions that have led the way in offering professional e-commerce regimes for international business, with a particular focus on e-gaming, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report6.asp
TAGS: Malta | law | Jersey | offshore | agreements | internet | gambling | offshore e-gaming | standards | regulation

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