SkyCity could incur 'material' fine for money-laundering breach

Wed, 07 Dec 2022

SkyCity Entertainment Group says the Australian Transaction Reports and Analysis Centre (Austrac) intends to file civil penalty proceedings in the Australian federal court on Wednesday alleging its Adelaide casino contravened the Australian Anti-Money Laundering and Counter-Terrorism Act 2006 (AML/CTF).SkyCity said the expected proceedings follow an enforcement investigation that Austrac began in June 2021 into the Adelaide casino’s compliance.“SkyCity Adelaide places the utmost importance on compliance with its regulatory obligatio...

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