Navigating the MGA’s Evolving Audit Landscape
The Malta Gaming Authority (MGA) continues to raise the bar for regulatory oversight, as outlined in its 2024 Annual Report. Recent updates to the System Audit, Review, and Compliance Audit procedures mark a significant shift in how the Authority expects licensees and external auditors to approach compliance. The focus is now firmly on depth, documentation, and proactive remediation, a clear signal to iGaming operators that robust internal controls and audit readiness are no longer optional.
Meeting Higher MGA Audit Expectations
In 2024, the MGA conducted 13 compliance audits, placing “greater emphasis” on the quality and evidential basis of audit reports. The Authority has also increased its scrutiny of both auditors and licensees, demanding more detailed documentation and clarification throughout the process.
In its most recent guidance, the MGA outlined new expectations for external auditors, including the need to:
- Identify and report non-compliances to the licensee;
- Assess how issues are resolved during the audit period;
- Re-audit findings and classify them as ‘Resolved at Audit Stage’ where applicable;
- Mark unresolved issues as ‘Partially Compliant’ and require a rectification plan;
- Support licensees in requesting deadline extensions for resolution and re-audit.
This evolution reflects the MGA’s commitment to transparency, accountability, and regulatory excellence in Malta’s iGaming sector.
ARQ’s Mock Audits for iGaming Compliance in Malta
At ARQ Group, we offer specialised mock audits designed to mirror the MGA’s enhanced audit framework. Our services are tailored to help iGaming companies:
- Identify compliance gaps before the formal MGA audit;
- Receive actionable recommendations aligned with the latest regulatory requirements;
- Simulate the depth and documentation now expected by external auditors;
- Minimise the risk of ‘Partially Compliant’ findings that could trigger regulatory scrutiny;
- Ensure a smoother, more efficient audit process.
Our approach is proactive and practical, designed to support your business in maintaining a strong compliance posture in Malta’s competitive iGaming environment.
How Can ARQ Help
With the compliance bar rising, early preparation is essential. ARQ Advisory Limited is your trusted partner in navigating Malta’s evolving regulatory landscape. Our mock audits are designed to give you a clear, actionable roadmap to full compliance.
For more information, please speak to Kris Baron – Partner – Regulatory and Advisory.
Kris Baron
Partner – Regulatory & Advisory
Kris Baron is the partner in charge of regulatory and compliance matters at ARQ and is responsible for i-gaming and e-commerce clients. He is a member of the Information Systems Audit and Control Association (USA), Fellow of the Association of Chartered Certified Accountants (UK) and a Fellow of the Malta Institute of Accountants.
