Adelaide's SkyCity casino ordered to pay $67m fine over money laundering case
6 months, 2 weeks ago

Adelaide's SkyCity casino ordered to pay $67m fine over money laundering case

ABC  

In short: The Federal Court has ordered the operator of Adelaide's casino to pay a $67 million fine in a money laundering case brought on by AUSTRAC. The Federal Court has ordered the operator of Adelaide's casino to pay a $67 million fine in a money laundering case brought on by AUSTRAC. The operator of Adelaide's casino has been ordered to pay a $67 million fine by the Federal Court over a money laundering case brought on by financial crimes agency AUSTRAC. In May, SkyCity Adelaide and AUSTRAC said they had filed a joint submission with the Federal Court to propose a $67 million penalty over the casino's misconduct.

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Adelaide's SkyCity casino to face up to $75 million penalty if found of wrongdoing under proposed SA laws
8 months ago

Adelaide's SkyCity casino to face up to $75 million penalty if found of wrongdoing under proposed SA laws

ABC  

In short: The South Australian government wants to increase the maximum penalty to $75 million against SkyCity Adelaide operators if a court finds systemic non-compliance with anti-money laundering and counter-terrorism financing laws at the casino. The South Australian government wants to increase the maximum penalty to $75 million against SkyCity Adelaide operators if a court finds systemic non-compliance with anti-money …

SkyCity Adelaide Casino sets aside $45m to cover potential penalty, court case continues
1 year, 4 months ago

SkyCity Adelaide Casino sets aside $45m to cover potential penalty, court case continues

ABC  

The operator of the Adelaide Casino says it has put aside $45 million to cover a potential civil penalty from an anti-money laundering case in the Federal Court. Key points: AUSTRAC has launched civil action against SkyCity Adelaide It alleges serious and systemic non-compliance with anti-money-laundering and counter-terrorism financing laws SkyCity says it has set aside $45 million to cover …

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