In August 2025, Christchurch Casino reached a settlement with the Department of Internal Affairs (DIA) over breaches of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act). The casino admitted to:
– Not maintaining a compliant AML/CFT programme.
– Inadequate customer due diligence.
– Insufficient monitoring of accounts.
– Poor record keeping.
Though the breaches were not linked to money laundering or terrorism financing, the casino agreed to pay a penalty of $5.06 million, pending High Court approval.
This case serves as a reminder of the importance of solid AML/CFT processes and accurate record-keeping. Reporting entities across the sector are encouraged to stay aware of their own compliance frameworks and maintain vigilance in meeting their AML/CFT obligations.
For more details, you can read the full press release here: DIA & Christchurch Casino reach settlement in Anti-Money Laundering proceedings.
If you want to discuss your AML/CFT compliance or have questions about managing these requirements, feel free to reach out for a conversation.