SkyCity Entertainment Group has been informed by the New Zealand Department of Internal Affairs that it intends to file civil penalty proceedings against the operator for non-compliance with the Anti-Money Laundering and Countering Financing of Terrorism Act.
To be filed in the High Court on February 16 against SkyCity Casino Management, the penalty outlines five separate causes of action which allege “significant compliance issues in relation to the act”, mostly related to historical matters, but some refer to previously self-reported non-compliance incidents as well.
SkyCity Casino Management is a subsidiary of SkyCity and the casino operator licence holder for the SkyCity Auckland, SkyCity Hamilton and SkyCity Queenstown casinos in New Zealand.
SkyCity noted that it is “disappointed that it has not met the standard to which it needs to hold itself”, resulting in the penalty filing, and that it wishes to engage constructively with the department to resolve the matters expeditiousl..