Investor Sues Former SkyCity Leaders Over Anti-Money Laundering Failures
Eight former senior figures from SkyCity Entertainment Group are facing legal action brought by a shareholder who is seeking to recoup losses tied to a major regulatory penalty. The AU$67 million fine, imposed by Australia’s financial crime regulator AUSTRAC last year, followed a Federal Court ruling that found SkyCity had breached anti-money laundering (AML) and counter-terrorism financing laws. Legal action targets ex-SkyCity leaders […]
Eight former senior figures from SkyCity Entertainment Group are facing legal action brought by a shareholder who is seeking to recoup losses tied to a major regulatory penalty. The AU$67 million fine, imposed by Australia’s financial crime regulator AUSTRAC last year, followed a Federal Court ruling that found SkyCity had breached anti-money laundering (AML) and counter-terrorism financing laws. Legal action targets ex-SkyCity leaders […]
