SkyCity Adelaide Casino is experiencing challenges.

SkyCity is a prominent casino in Adelaide offering a variety of gambling games. pokies , Poker and table games such as blackjack This venue boasts 90 gaming tables and over 950 slot machines, along with several dining and bar options, making it a key entertainment hub in Adelaide’s city center.

AUSTRAC CEO, Peter Soros, commented on their latest probe into SkyCity Casino: “AUSTRAC’s inquiry uncovered numerous instances of SkyCity neglecting proper ongoing customer checks, and failing to establish a compliant AML/CTF framework, exposing it to potential criminal misuse.”

Based on AUSTRAC's investigation, SkyCity is alleged to have:

• Inadequately assessed money laundering risks.
• Inappropriately applied risk-oriented systems.
• Lacked a program to monitor suspicious transactions.
• Failed to conduct checks on high-risk clients.
• Insufficiently carried out due diligence on customers with elevated money laundering risks.

Peter Soros stated: “It is essential for regulated entities to have robust AML/CTF controls in place. Compliance is not optional and must be a priority for all AUSTRAC-regulated businesses.

AUSTRAC remains committed to collaborating with SkyCity to ensure adherence to its AML/CTF obligations and future compliance.”

This marks the third civil penalty action AUSTRAC has pursued against casino operators. It serves as a reminder for casinos and other AUSTRAC-regulated businesses to adhere strictly to AML/CTF regulations.”