ASME president Ang Yuit on protecting businesses from money laundering activities

Singapore is putting in place a three-pronged approach to prevent and detect money laundering. A new network will help government agencies connect the dots faster by involving all relevant government agencies, instead of just selected agencies. Ang Yuit, president of the Association of Small and Medium Enterprises (ASME) shares how effective these initiatives are as deterrence measures, how they might affect Singapore's overall reputation as a global business hub, and what the ASME is doing to ensure its members are not engaged in money laundering.