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

$1b of transactions in SkyCity compliance failures, court hears

Few details of casino operator’s offending traversed in hearing on $4.2m penalty for AML breaches.

The Department of Internal Affairs sued SkyCity in February alleging breaches of anti-money laundering legislation.

Tim Hunter Thu, 05 Sep 2024

Details of SkyCity’s offences leading to a $4.16 million penalty remained obscure at a High Court hearing this morning, save for the fact they involved $1 billion of transactions.

Lawyers for SkyCity and the Department of Internal Affairs were in court seeking approval for their penalty agreement

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Tim Hunter Thu, 05 Sep 2024
Contact the Writer: thunter@nbr.co.nz
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$1b of transactions in SkyCity compliance failures, court hears
Law,
105719
true