The Malta Gaming Authority (MGA) requires each Licensee to appoint persons who can perform key functions and that are physically present in Malta. As leading specialists within the online gaming industry in Malta, CSB Group provides Key Function Services for gaming operators licenced by the MGA (Malta Gaming Authority).
Key Function Services for Gaming Operators
A “Key Function” means an important function, role or task carried out by a person in connection with a gaming service or a gaming supply, as may be prescribed by the Authorisations and Compliance Directive.
The Key Function Roles:
Key functions are important functions within a licensed activity, requiring approval, for direct scrutiny and targeted supervisory controls, thereby raising the bar for persons of responsibility within a gaming operation.
The following roles and responsibilities performed in connection with the gaming activity of a licensee shall each constitute a key function
- The Chief Executive role, or equivalent;
- Management of the day-to-day gaming operations of the licensee, including the processes of making payments to, and receiving payments from, players;
- Compliance with the licensee’s obligations emanating from the licence or licences issued by the Authority;
- The administrative and financial strategies of the licensee, including but not limited to the payment of tax and fees due to the Authority;
- Marketing and advertising, including bonus offers and promotions;
- The legal affairs of the licensee, including but not limited to contractual arrangements and dispute resolution;
- Player support;
- Responsible gaming;
- The prevention of fraud to the detriment of the licensee;
- The risk management strategies of the licensee;
- The prevention of money laundering and the financing of terrorism;
- Adherence to applicable legislation relating to data protection and privacy;
- The technological affairs of the licensee, including but not limited to the management of the back-end and control system holding essential regulatory data;
- The network and information security of the licensee; and
- Internal audit.
For a B2C licensee that operates a gaming premises which is not a controlled gaming premises, the key functions shall be the following: