Joint Managing Partner and Head of Corporate Stefanie Yuen Thio was quoted in a Business Times feature story published over the 26-27 October weekend that unpacked the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act. She said: “I struggle with how retailers are to make such assessments and I wonder how effective these rules will be in truly weeding out criminals.” Taking her husband – whose sister used to sit in Parliament – as an example, she laments: “When he goes to buy me that 10-carat diamond to celebrate our 25th wedding anniversary this year, he will need to be vetted up and down by some hapless salesperson trying to close a sale.”