SkyCity faces NZ penalty action

The local civil court action follows similar Australian allegations. (Image: Getty)

Mon, 12 Feb 2024

Casino operator SkyCity Entertainment faces legal action in New Zealand over alleged breaches of anti-money laundering laws, with penalties of up to $8 million, the company told the NZ stock exchange on Monday morning.Notification that the Department of Internal Affairs (DIA) will lodge five causes of action in the high court on Friday (Feb 16) comes less than a fortnight after SkyCity agreed to pay A$70m (NZ$74.2m) fines to Australian regulators for alleged breaches of that country’s anti-money laundering (AML) and counter-terrorism laws...

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