Sky City- AUSTRAC litigation

AFR- The financial crime watchdog is suing casino operator SkyCity for allegedly allowing patrons to churn dirty cash through its Adelaide gaming rooms.The Australian Transaction Reports and Analysis Centre (AUSTRAC) filed its case against Skycity in the Federal Court on Wednesday, alleging the casino group facilitated money laundering that amounted to “serious and systemic” breaches of federal law.AUSTRAC deputy chief executive Peter Soros said investigations into SkyCity, which commenced in June last year, had found systemic failures in its approach to anti-money laundering and countering terrorism financing (AML/CTF) obligations.“AUSTRAC’s investigation identified a range of circumstances where SkyCity failed to carry out appropriate ongoing customer due diligence,” he said in a statement.