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25 Mar 2025 21:11
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  •   Home > News > Politics

    Share prices are falling for SkyCity Entertainment Group - after this morning's announcement it could be facing prosecution for alleged breaches of legislation on money laundering

    Share prices are falling for SkyCity Entertainment Group - after this morning's announcement it could be facing prosecution for alleged breaches of legislation on money laundering


    Auckland's Skytower
    Auckland's Skytower
    Prices dropped three-point-four percent in the first 90 minutes of trade.

    SkyCity could face eight-million-dollars in fines if found to have breached the Anti-Money Laundering and Countering Financing of Terrorism Act.

    The charge follow an Internal Affairs review.

    Sky City says it's disappointed it didn't meet the needed standard - and will resolve the issues quickly.

    © 2025 Newstalk ZB, NZCity

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     25 Mar: Donald Trump says the US will ultimately come out stronger from his tariff plan
     24 Mar: The Finance Minister says there will be an announcement in the next week on the Government's next steps to encourage more competition in the supermarket sector
     24 Mar: The Prime Minister says changing the Resource Management Act will unlock growth
     24 Mar: This week’s federal budget will focus on cost-of-living measures – and a more uncertain global economy
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     Today's News

    Entertainment:
    Dolly Parton has "not stopped crying" since watching the Grand Old Opry's tribute to Carl Dean 21:01

    Entertainment:
    Justin Bieber wants to tackle his "anger issues" 20:31

    Entertainment:
    Ben Foster has accused Laura Prepon of "inappropriate marital conduct" 20:01

    Entertainment:
    Cate Blanchett can't keep a secret 19:31

    Entertainment:
    Kathryn Hahn was star-struck by Sir Mick Jagger's knees 19:01

    Business:
    Confidence in the labour market is shrinking 18:57

    Soccer:
    Captain Chris Wood insists the All Whites are going to next year's Football World Cup to make history 18:37

    Entertainment:
    Jake Paul is engaged to Jutta Leerdam 18:31

    Business:
    23andMe has filed for bankruptcy. So what does it mean for customers' data? 18:17

    Rugby League:
    The Dolphins have promised to give Daly Cherry-Evans the time he needs to decide his future 18:07


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