Anti-Financial Crime & Financial Crime Compliance
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Asia-Pacific, Crypto, Gaming

Horse-racing operation Phoenix faces prize-freezes in Australia as investigation probes links with multi-billion dollar crypto scam

A TROUBLE-RIDDEN global racing investor is facing further headaches in Australia, where its prize money has been frozen amid money laundering allegations.  

Phoenix Thoroughbreds – active since 2017 and with over 300 horses in worldwide competition – are now barred from collecting winnings in both New South Wales and Victoria, the Financial Review reported Monday.

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