Global Program Against Money Laundering - Explained
What is the Global Program Against Money Laundering?
Written by J. Mance Gordon
Updated at April 21st, 2024
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What is the Global Program Against Money Laundering (GPML)?
The GPML is a UN programs to fight money laundering, proceeds of crime, and the financing of terrorism. These programs are global and part of the United Nations Office on Drugs and Crime (UNODC). This office assists member states in complying with the UN conventions and other instruments dealing with money laundering and terrorist financing.
The United Nations Global Programme against Money Laundering (GPML) processes crimes and financial frauds. GPMLs purview and intents were increased in 2008 which now incorporates the UN Conventions on:
- Traffic in Narcotic Drugs and Psychotropic Substances.
- Suppression of the Financing of Terrorism.
- Transnational Organized Crime.
- Corruption.
The GPMLs objectives were increased to meet the growing needs and demands for bespoke assistance. The instruments were a practical implementation for the UN and other international AML/CFT standards.
The GPML provides technical assistance and training in the development of related infrastructure, legislation, and skills. It directly helps member states in detecting, seizing, and confiscating illicit proceeds.
A Little More on What is Global Program Against Money Laundering
- GPML is the central point for AML policy and activities within the UN system and a key player in strengthening CFT. In 2015, GPML provided long-term assistance in the flourishing of AML/CFT programs to 66 jurisdictions as well as technical assistance and training in the development of related legislation, infrastructure, and skills.
- Train The Trainer - Majority of the authorities received training from local experts who had participated in the GPML train-the-trainer program.GPML has trained over 4,000 representatives out of which 900 benefited from the train the trainer scheme.
The Mentoring Program
- Mentor Program is one of the most successful training. The mentor can point out the needs and can provide advice regarding the same.
- GPML had employed five mentors in 2015, mentors were stationed in Senegal, South Africa, Gabon, Samoa, and Vietnam.