Australia: Independent review raises serious compliance concerns at SkyCity Adelaide
Report highlights governance failures and risk management shortcomings, although licence is retained.
Key points:
– Review finds inadequate controls over high-risk patrons and suspicious transactions
– South Australian Government considering stronger casino regulations
– Regulator assessing SkyCity Adelaide but deems it ‘suitable’ to maintain licence
The South Australian Government has released the findings of an independent review into SkyCity Adelaide, identifying serious weaknesses in the casino’s compliance with anti-money laundering and counter-terrorism financing obligations.
The review, led by the Honourable Brian Martin AO KC, was commissioned following AUSTRAC civil penalty proceedings against SkyCity Adelaide Pty Ltd. It found the casino’s governance and risk management processes were not adequate to identify and monitor high-risk patrons, nor to detect suspicious transactions effectively. Deficiencies also included limited staff training and outdated monitoring systems.
Attorney-General Kyam Maher described the findings as “deeply troubling” and confirmed the Government is weighing potential reforms. These could involve amendments to the Casino Act 1997, stronger oversight powers for regulators, and tougher enforcement measures.
SkyCity Entertainment Group said it is committed to implementing all recommendations, with measures already underway to strengthen its compliance framework. These include enhanced customer due diligence, improved staff training, and upgraded surveillance and monitoring technology.
Crucially, though, the property has been deemed suitable to maintain its licence.
Good to know: The review forms part of a broader wave of inquiries into Australian casinos following AUSTRAC enforcement actions in other states
Consumer and Business Services (CBS) Commissioner Dini Soulio said the regulator is now reviewing whether SkyCity Adelaide remains suitable to hold a casino licence in South Australia. Any decision will prioritise safeguarding the community and maintaining the integrity of the state’s gambling industry.
The full review has been made public by the Attorney-General’s Department to ensure transparency and public awareness of the findings.
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