Podcast by Pierre Lindh #62 – James Scicluna, Co-managing Partner, WH Partners

???? Topic: What the Maltese greylisting means to the local iGaming industry’.

✌️Pierre’s iGaming NEXT Podcast main sponsor is Pragmatic Solutions – Leading iGaming platform technology. For more info, click here: https://bit.ly/3lSy1B5

This podcast is also sponsored by Hub88.

During this Podcast we cover:
???? 00:00 – Introduction
???? 00:30 – About James Scicluna
???? 02:08 – FATF’s greylisting of Malta
???? 03:02 – James’s view on the greylisting of Malta
???? 04:21 – MoneyVal’s report on certain incompliance of Malta
???? 06:30 – The greylisting was a possibility, but slightly unexpected
???? 08:34 – International financial institutions had factored in the possibility of Malta being greylisted
???? 10:22 – The regulatory risks: how this will impact the relationship with regulators
???? 12:28 – MGA’s supervision is stricter compared to other jurisdictions
???? 14:40 – What will it take for Malta to become white-listed again?
???? 15:25 – Malta needs to tighten its law enforcement
???? 17:39 – How to approach this situation
???? 19:18 – Did the gambling industry, crypto friendliness and low tax rate contribute to Malta being greylisted?
???? 23:06 – Tax competition is healthy
???? 24:10 – James says gambling, crypto and tax rate are not responsible for the greylisting
???? 24:25 – Enforcement issues contributed to Malta being blacklisted
???? 26:34 – What are some of the potential actions from the local iGaming companies?
???? 28:01 – Possibility of further derisking by the local banks
???? 30:52 – A gist of the overall discussion
???? 32:02 – Closing off