Daily Cuts - Strengthening Singapore's anti-money laundering regime and fighting against sophisticated crimes

The money laundering case has been taking over local and international headlines. Over $2.8 billion worth of assets are now involved. But investigations are ongoing, so that number could go up. Second Minister for Home Affairs Josephine Teo says this could be one of the largest anti-money laundering operations in the world. There will also be a new inter-ministerial committee to review Singapore's anti-money laundering regime and to ensure it stays up to date with increasingly sophisticated crimes. Professor Sumit Agarwal from NUS Business School explains how the new committee can help mitigate financial crimes.