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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
3 mins to read

SkyCity admits AML breaches in DIA settlement, $4m penalty likely

Board and management ‘accept and apologise for these long standing failings’, chair Julian Cook says.

Listed casino operator SkyCity has admitted it breached Anti-Money Laundering and Countering Financing of Terrorism Act obligations in a settlement with the Department of Internal Affairs.

It has also accepted it should pay a penalty of more than $4 million, days after the group agreed to pay an

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Hamish McNicol Tue, 21 May 2024
Contact the Writer: Hmcnicol@nbr.co.nz
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SkyCity admits AML breaches in DIA settlement, $4m penalty likely
Investment,
104139
true