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Smarter weapons needed to fight savvy financial criminals

There needs to be a new era of collaboration between the various parties involved in the battle against this growing threat.

The Monetary Authority of Singapore has accelerated efforts to tackle the issue of money laundering.

MONEY laundering has existed for as long as we have had money. Today, it is estimated that money laundering around the world reaches between US$1-2 trillion, around 2-5 per cent of global GDP. While many are not directly exposed to the effects of money laundering, the impact in social and...