Games News

SkyCity Adelaide faces civil penalty action from Australian regulator for breaching anti-money laundering laws

On Wednesday, December 7, the Australian Transaction Reports and Analysis Centre (AUSTRAC), known as Australian anti-money laundering regulator, will initiate civil penalty proceedings in the Federal Court against SkyCity Adelaide Pty Ltd (SkyCity), a leading South-Australia’s casino based in Adelaide, for alleged “serious and systematic non-compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.”

The investigation:

The commencement of proceedings by AUSTRAC follows the conclusion of an enforcement investigation, which began in June 2021. SkyCity Adelaide was informed of the ongoing investigation.

Peter Soros, Deputy Chief Executive Officer at AUSTRAC, said: “The inves…