By Kyle Brasseur2024-05-21T16:59:00
Australian gaming company SkyCity Entertainment Group faces nearly $50 million in penalties for admitted breaches of anti-money laundering and countering financing of terrorism (AML/CFT) obligations in Australia and New Zealand.
The fines are set to be handed down by the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the New Zealand Department of Internal Affairs (DIA), pending court approval. In the AUSTRAC case, announced Friday, SkyCity Adelaide agreed to pay 67 million Australian dollars (U.S. $44.7 million), while the DIA on Tuesday announced a proposed 4.16 million New Zealand dollars (U.S. $2.5 million) penalty.
The totals surpass what SkyCity had said it reserved—about $29 million—back in August.
2024-06-04T18:40:00Z By Aaron Nicodemus
The chief financial officer of the Epoch Times was charged with laundering at least $67 million in illegally obtained funds to bolster the fortunes of the newspaper and himself.
2023-08-14T18:36:00Z By Jeff Dale
Australian gaming company SkyCity Entertainment Group disclosed it reserved AUS$45 million (U.S. $29 million) for a potential settlement resolving alleged violations of the country’s anti-money laundering and combating the financing of terrorism law.
2023-05-31T19:17:00Z By Adrianne Appel
Crown Resorts agreed to pay 450 million Australian dollars (U.S. $292 million) and overhaul its anti-money laundering and combating the financing of terrorism compliance controls for repeatedly violating Australia’s AML/CFT law.
2025-07-24T15:33:00Z By Aaron Nicodemus
Recent enforcement actions by U.S. agencies overseeing customs payments and export control laws indicate increased scrutiny of business transactions between U.S. and Chinese companies.
2025-07-22T17:42:00Z By Ian Sherr
The Securities and Exchange Commission is awarding far fewer whistleblower claims, according to Bloomberg Law, which noted the commission denied awards for the entire period between April and July, the longest stretch in the program’s history.
2025-07-21T18:54:00Z By Oscar Gonzalez
The firing of a Democrat commissioner of the U.S. Federal Trade Commission by President Donald Trump was illegal, according to a federal judge’s ruling last week.
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