SkyCity Entertainment has been ordered to pay a civil penalty of $4.16 million by the High Court for historic breaches of the Anti-Money Laundering and Countering Financing of Terrorism Act.
The penalty was imposed on SkyCity Casino Management, the operator of SkyCity's New Zealand casinos.
As part of a settlement agreement with the Department of Internal Affairs, the company is required to pay the penalty within 15 working days.
This development brings the department's civil proceedings to a close.
SkyCity acknowledged its responsibility and expressed its commitment to combating money laundering and terrorism financing.
The company said it will continue to enhance its anti-money laundering and counter-terrorism financing systems to meet regulatory obligations and community expectations.
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