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- Financial watchdog AUSTRAC launches enforcement investigation into SkyCity Entertainment (SKC)
- AUSTRAC identified possible breaches of anti-money laundering and counter-terrorism financing laws during a compliance assessment into SkyCity Adelaide
- This focussed on its management of high risk and politically exposed customers during the 2016 and 2019 financial years
- SkyCity says it will fully cooperate with both the AUSTRAC and SkyCity Adelaide investigations
- SKC shares closed at $3.40 on Friday June 4, 2021
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched an enforcement investigation into SkyCity Entertainment (SKC).
The dual-listed New Zealand tourism, leisure and entertainment company is one of the three major casino operators in Australasia.
Today, the company told shareholders AUSTRAC has identified possible breaches of anti-money laundering and counter-terrorism financing laws.
The potential breaches came to light during a compliance assessment into SkyCity Adelaide — one of the group’s integrated entertainment and casino facilities.
This assessment was focused on SkyCity Adelaide’s management of high risk and political exposed customers during the 2016 and 2019 financial years.
In a statement released this morning, SkyCity said it will fully cooperate with AUSTRAC’s investigation into SkyCity Adelaide.
SKC shares closed at $3.40 on Friday June 4, 2021.
