Tag: LEAD Training Services

The Maltese regualator MGA has been hitting the headlines for the wrong reasons during the past years. Following resignations, including that of Heathcliff Farrugia and Anton Axiaq, both being prosecuted for alleged serious crimes, the Chief Internal Auditor of MGA, James Grech resigned for unknown reasons. The regulator did not make any announcement of the departure. James Grech was enrolled within MGA during the days when disgraced Joseph Cuschieri was at the helm of the Authority.

Another issue in Malta's long list of regulatory compliance incidents came up. Malta is a popular place for gambling licenses issued and regulated by the Malta Gaming Authority (MGA). But like MFSA, MGA has serious issues with itself. It turned out that its Chief Officer Internal Audit James Grech was working on private business while in office, raising conflict of interest concerns, our sources say. He was providing LEAD Training Services in anti-money laundering, MLRO, internal auditing, and other gaming-related topics. Malta, for sure, has a big problem with its regulators and war grey-listed for good reasons!