Summary:
Monaco has renewed its support for the United Nations Office on Drugs and Crime’s Global Program against money laundering, crime products, and terrorist financing in Central African states.
Full Story:
Monaco has renewed its support for the Global Programme against Money Laundering, Organized Crime, and Terrorism Financing of the United Nations Office on Drugs and Crime (UNODC). The funding from Monaco will cover the period 2024-2025 and will support the second phase of a capacity-building project in Central African states. The project aims to combat money laundering, financing of organized crime, terrorism, and violent extremism. Monaco’s support will include the development and dissemination of an online training module to enhance the identification and traceability of suspicious money laundering or terrorism financing activities. The project’s expected outcome is to strengthen the detection and recovery of illicit funds used for criminal purposes, such as organized crime, wildlife trafficking, drug trafficking, corruption, and terrorist financing. Monaco had previously supported the first phase of the project from 2022-2023. The Global Programme against Money Laundering and Terrorism Financing was launched in 1998 to develop a common approach to combat money laundering and terrorism financing. The UNODC, founded in 1997, is mandated to fight illicit drugs and transnational crime, promote drug abuse awareness, and strengthen international action against drug production, trafficking, and related criminal activities.
Source:
Gouvernement Monaco
