UN sees 'lost opportunity' in global crime fight
VIENNA (REUTERS) - More than 100 countries lost an opportunity to improve the fight against cross-border organised crime by failing to agree a new monitoring measure at a major international meeting last week, a United Nations (UN) agency said on Monday.
Disagreement over how the effort would be funded prevented a deal on introducing a "peer review mechanism" designed to increase the effectiveness of the UN Convention on Transnational Organised Crime (UNTOC), which has so far been ratified by 172 nations.
"This is a period of austerity. As a result, states appear wary of taking on new obligations," Mr David Dadge, spokesman for the United Nations Office on Drugs and Crime (UNODC), said in a statement about the outcome of the Oct 15 to Oct 19 meeting in Vienna.
The convention forms the legal basis for international cooperation against global crime, which UNODC estimates at US$870 billion (S$1,062 billion) annually.