Anti-Money Laundering (AML) Policy
Skycity Casino is committed to maintaining the highest standards of integrity and compliance with applicable laws and regulations regarding anti-money laundering (AML) and countering the financing of terrorism (CFT) in New Zealand. This AML Policy outlines the procedures, standards, and controls established by Skycity Casino to prevent its platform from being used for money laundering or other financial crimes. The policy applies to all users, employees, contractors, and business partners engaging with Skycity Casino’s online gaming services.
Regulatory Framework and Compliance
Skycity Casino operates under the regulatory supervision of New Zealand authorities and complies fully with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) and associated regulations. Our AML program is designed to detect, deter, and report any attempt to use our gaming services for illicit financial activities, in strict accordance with New Zealand law and international best practices.
Customer Due Diligence (CDD)
Skycity Casino implements robust customer due diligence procedures to verify the identity of all users prior to account activation. CDD measures include verifying personal information, proof of identity (such as government-issued photo identification), and proof of address. Enhanced due diligence is applied in cases of higher risk, such as large transactions or when dealing with politically exposed persons (PEPs). No customer is permitted to use Skycity Casino services without completing the required CDD checks.
- ID verification through approved documentation
- Verification of residential address
- Ongoing monitoring of customer activity
- Enhanced due diligence for high-risk profiles
Ongoing Monitoring and Transaction Surveillance
All customer transactions are subject to ongoing monitoring to detect suspicious or unusual activity. Skycity Casino utilizes automated systems and manual oversight to identify patterns consistent with money laundering or terrorist financing. Transactions are regularly reviewed, and any activity that raises suspicion is investigated thoroughly and documented as required by law.
- Monitoring of deposits, withdrawals, and gaming activity
- Analysis of transaction patterns for anomalies
- Review of large or rapid movement of funds
- Continuous risk assessment of customer profiles
Reporting Obligations
Skycity Casino is legally obligated to report certain activities to the New Zealand Financial Intelligence Unit (FIU). This includes suspicious transaction reports (STRs), prescribed transaction reports (PTRs), and other mandatory disclosures. All reports are filed in a timely manner and in accordance with statutory requirements. Customers are not notified when such reports are made, in compliance with legal confidentiality obligations.
| Report Type | Description | Reporting Authority |
|---|---|---|
| Suspicious Transaction Report (STR) | Report filed when there is suspicion or reasonable grounds to suspect money laundering or terrorist financing | New Zealand Financial Intelligence Unit (FIU) |
| Prescribed Transaction Report (PTR) | Report filed for transactions above threshold amounts or international transfers | New Zealand Financial Intelligence Unit (FIU) |
Record-Keeping
Skycity Casino maintains comprehensive records of all customer identification, transaction data, and reports for a minimum period as required by the AML/CFT Act. These records are securely stored and made available to regulators and law enforcement authorities upon request.
Employee Training and Awareness
All staff members at Skycity Casino receive ongoing training in AML/CFT compliance, including identification of suspicious activity, customer due diligence procedures, and reporting obligations. Regular updates are provided to ensure staff remain informed of regulatory changes and emerging risks in the online gaming sector.
Risk Assessment and Internal Controls
Skycity Casino conducts regular risk assessments to identify and mitigate potential vulnerabilities to money laundering and terrorist financing. Internal controls are reviewed and updated periodically to ensure effectiveness and compliance with legal obligations. This includes periodic audits, system reviews, and engagement with external compliance experts as required.
Prohibited Activities
Skycity Casino strictly prohibits the use of its services for any illegal or unauthorized purpose, including but not limited to money laundering, terrorist financing, or any other financial crime. Breaches of this policy may result in immediate account suspension, termination, and notification to relevant authorities.
Customer Responsibilities
Customers are required to provide accurate and up-to-date information during registration and throughout the duration of their engagement with Skycity Casino. Failure to comply with verification procedures or attempts to circumvent AML controls may result in restrictions or closure of accounts in accordance with this policy.
Contact and Further Information
For further information regarding Skycity Casino’s AML Policy or to report suspicious activity, customers and stakeholders may contact our Compliance Department via the official channels listed on the Skycity Casino website. Skycity Casino reserves the right to update this policy in line with changes in law, regulation, or company procedures. All users are encouraged to review this policy periodically to remain informed of their obligations and our standards for anti-money laundering compliance.