SkyCity Adelaide Penalized AU$67 Million for AML/CTF Violations
The Federal Court of Australia will impose a financial penalty of AU$67m on the SkyCity Adelaide Casino for violating Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006. The Australian Transaction Reports and Analysis Centre (AUSTRAC), one of the country’s regulatory authorities responsible for tracking illegal transactions, brought this lawsuit, highlighting serious gaps in the casino’s…