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New mechanisms for licensees to report suspicious betting activity is published in the new consultation paper.
Licensees will report suspicious betting activity to the MGA through a reporting system hosted on the regulator's website. They will need to provide information on the time of the bets placed, providing account information, and any evidence to support why an activity is considered suspicious.
MGA chief executive Heathcliff Farrugia explained, “Prior to bringing into force this requirement, the Authority is taking the opportunity to reach out to its stakeholders and seek their feedback on the proposed mechanisms to take place once its licensees become obliged by law to report suspicious betting”.
Source: https://www.igamingbusiness.com/news/mga-opens-consultation-suspicious-bet-reporting
Licensees will report suspicious betting activity to the MGA through a reporting system hosted on the regulator's website. They will need to provide information on the time of the bets placed, providing account information, and any evidence to support why an activity is considered suspicious.
MGA chief executive Heathcliff Farrugia explained, “Prior to bringing into force this requirement, the Authority is taking the opportunity to reach out to its stakeholders and seek their feedback on the proposed mechanisms to take place once its licensees become obliged by law to report suspicious betting”.
Source: https://www.igamingbusiness.com/news/mga-opens-consultation-suspicious-bet-reporting