A review of the existing regulatory regime for Maltese-registered gaming and fiduciary companies is under way, the Finance Minister said yesterday in the wake of the Mafia links which allegedly emerged in a recent sweep by the Italian police.

“We will be reviewing structures and the manner in which due diligence is being carried out,” Prof. Edward Scicluna told the Times of Malta.

“Existing rules have to be enforced but if government feels it has to strengthen the existing framework it will do so,” he added.

The Finance Minister was asked if the government was concerned that Malta’s reputation was at risk, especially in the iGaming sector, which accounts for about 12 per cent of the country’s GDP.

Read more in the Times of Malta.

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