SkyCity Adelaide has been slapped with a $67 million fine over a money laundering and finance terrorism case.
The court found the failure allowed high-risk customers to move millions of dollars through the casino, making the source and the ownership of the funds murky.SkyCity Adelaide has been slapped with a $67 million fine over a money laundering and finance terrorism case. AUSTRAC, the finance intelligence agency that brought forward the civil case, said criminals frequently use the gambling sector as a way to clean up their dirty money.
SkyCity has admitted its contraventions made the casino - as well as the Australian community and financial system - vulnerable to criminal exploitation.It was also ordered to pay $3 million of AUSTRAC's legal fees.