Exclusive: Malta scales back foreign licence reforms after industry pushback

The island set about reforming the framework as part of its National AML/CFT Strategy 2024–2026 – issuing a consultation to relevant industry stakeholders in April The Maltese government is scaling back its foreign licence recognition reforms after industry resistance – but has admitted new legislation may be required. Under existing rules, gambling businesses based in Malta with licences from regulators elsewhere in the EU/EEA or several other jurisdictions with “broadly equivalent” AML rules can do business with that authorisation.