SkyCity anti-money laundering charges confirmed

(Image: NZME)

Fri, 16 Feb 2024

Civil proceedings against SkyCity for alleged breaches of anti-money laundering laws have been confirmed by its regulatorOn Feb 12, the casino operator told the New Zealand stock exchange (NZX) it faced legal action, which carried penalties of up to $8 million.On Friday, the Department of Internal Affairs (DIA) said it had filed high court proceedings against SkyCity Casino Management under the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act).DIA alleges that SkyCity did not meet its obligations relating to its risk...

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