Recently, the SkyCity Entertainment Group made several important decisions that may affect its future prospects and financial situation.
In order to protect the company's financial interests and obligations, management is constantly monitoring developments regarding the Australian Transaction Reports and Analysis Centre civil penalty actions.
Due to alleged non-compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, SkyCity Adelaide Pty Limited may be subject to fines.
SkyCity has set aside US$29.2 million for any potential AUSTRAC civil fine and legal costs.
This is done with a focus on meeting the company's financial responsibilities responsibly and to make sure it is ready for whatever outcome of the proceedings.
In order to protect the company's financial interests and obligations, management is constantly monitoring developments regarding the Australian Transaction Reports and Analysis Centre civil penalty actions.
Due to alleged non-compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, SkyCity Adelaide Pty Limited may be subject to fines.
SkyCity has set aside US$29.2 million for any potential AUSTRAC civil fine and legal costs.
This is done with a focus on meeting the company's financial responsibilities responsibly and to make sure it is ready for whatever outcome of the proceedings.