A study has found anti-money laundering rules are almost completely ineffective in stopping criminals. The findings from New Zealand political scientist, Ron Pol, show authorities globally recover just 0.2 percent annually of an estimated $2 trillion in criminal funds. New Zealand fares slightly better, collecting about 1 percent. Dr Pol argues the rules are not working, and a fresh approach is needed. RNZ economics correspondent Patrick O'Meara reports.
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