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SkyCity set to become third casino operator to face AML non-compliance fines in Australia

By James Panichi ( December 7, 2022, 00:34 GMT | Insight) -- SkyCity Entertainment has become the latest casino operator in Australia to face the prospect of massive fines over alleged money-laundering contraventions, with the country’s financial-crime watchdog saying it had uncovered “serious and systemic” failings by the company. Announcing a penalties lawsuit today, the Australian Transaction Reports and Analysis Centre said its investigation into SkyCity Adelaide had identified “a range of circumstances where SkyCity failed to carry out appropriate, ongoing customer due diligence.”SkyCity Entertainment has become the latest casino operator in Australia to face the prospect of massive fines over alleged money-laundering contraventions, with the country’s financial-crime watchdog saying it had uncovered “serious and systemic” failings by the company....

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