Australia’s financial crimes watchdog AUSTRAC has announced the commencement of civil penalty proceedings in the Federal Court against SkyCity Adelaide for alleged serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.

This is the second such action against a major Australian casino operator in as many weeks after AUSTRAC confirmed similar action against Star Entertainment Group late last month.

SkyCity Entertainment Group had also warned of likely action involving its Adelaide operations during the company’s Annual General Meeting in October.

The civil penalty proceedings come after an enforcement investigation into SkyCity was launched in June 2021 – part of an industry-wide compliance campaign that began in September 2019.