Anti-money laundering rules ineffective - study

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.