$1b of transactions in SkyCity compliance failures, court hears
Few details of casino operator’s offending traversed in hearing on $4.2m penalty for AML breaches.
The Department of Internal Affairs sued SkyCity in February alleging breaches of anti-money laundering legislation.
Details of SkyCity’s offences leading to a $4.16 million penalty remained obscure at a High Court hearing this morning, save for the fact they involved $1 billion of transactions.
Lawyers for SkyCity and the Department of Internal Affairs were in court seeking approval for their penalty agreement
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