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New Zealand – Department of Internal Affairs opens AML proceedings against SkyCity

By - 12 February 2024

New Zealand casino operator SkyCity could be fined a maximum penalty of NZ$8m following the Department of Internal Affairs filing civil penalty proceedings in the High Court due to it historically breaching Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (Act).

The operator said: “SkyCity is disappointed that it has not met the standard to which it needs to hold itself, and this has resulted in the action taken by the Department,” the company said.

“SCML and SkyCity will engage constructively with the Department in relation to the proposed proceedings, with a view to resolving these matters expeditiously. Given that the matter will be before the Court, it would be inappropriate for SkyCity to comment further at this stage.”

SkyCity added: “Since late 2021, SkyCity has had in place a significant AML/CFT enhancement programme to address compliance systems and correct historical shortcomings. This has involved, and continues to involve, significant investment in people and technology, and various reviews of SkyCity’s processes and systems to identify areas which require improvement. SkyCity is committed to continuing to uplift  its processes and systems, particularly with respect to AML/CFT and host responsibility matters.”

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