The operator was the subject of an investigative inquiry, about which it was informed in June of last year. An AUSTRAC industry-wide compliance program that started in September 2019 led to the inquiry.
SkyCity is accused by the body of failing to create a suitable structure for the Board and senior executives oversight of the AML/CTF programmes, failing to include capital plays systems and controls in its AML/CTF programs, and failing to adequately assess the money laundering and financial crime risks it faced.
SkyCity is accused by the body of failing to create a suitable structure for the Board and senior executives oversight of the AML/CTF programmes, failing to include capital plays systems and controls in its AML/CTF programs, and failing to adequately assess the money laundering and financial crime risks it faced.