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Resolution Paper 2

The resolution paper from the United Nations Office on Drugs and Crime addresses the need for combating money laundering through cryptocurrency regulation, emphasizing international cooperation and transparency. It outlines operative clauses for stabilizing collapsing countries, enhancing reporting policies, and implementing comprehensive anti-money laundering measures for cryptocurrency businesses. The document calls for the development of systems to seize illegal cryptocurrencies and improve infrastructure in poorer regions, supported by international collaboration and funding.

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0% found this document useful (0 votes)
4 views3 pages

Resolution Paper 2

The resolution paper from the United Nations Office on Drugs and Crime addresses the need for combating money laundering through cryptocurrency regulation, emphasizing international cooperation and transparency. It outlines operative clauses for stabilizing collapsing countries, enhancing reporting policies, and implementing comprehensive anti-money laundering measures for cryptocurrency businesses. The document calls for the development of systems to seize illegal cryptocurrencies and improve infrastructure in poorer regions, supported by international collaboration and funding.

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nerauan475
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Resolution Paper

Committee: United Nations Office on Drugs and Crime


Agenda: Combating money laundering through cryptocurrency regulation
Authors: Japan, Democratic People’s Republic of Korea

Main-submitters: Republic of Singapore, Republic of Peru, Republic of


Estonia , Mongolia

Sponsors: The Republic of Kazakhstan, the Kingdom of Norway, the Kingdom


of Sweden, the Kingdom of Netherlands, Italian Republic

Signatores: Republic of Kazakhstan, United States of America, Fedarative


Republic of Brazil, United Arabic Emirates,Swiss Confederation, Republic Of
India
_________________________________________________________________

The United Nations Office on Drugs and Crime;

Recalling previous United Nations efforts to combat transnational financial crime and
money laundering;

Recognizing the significant role of digital technologies in modern economies while


acknowledging the need for transparency;
Alarmed by the growing risks posed by unregulated cryptocurrency transactions across
borders;

Mindful of the need to maintain a balance between technological innovation and financial
security;

Concerned about the increasing use of anonymous cryptocurrency transactions for illegal
financial activities;

Commending member states that have implemented effective anti-money laundering


measures;

Stressing the importance of international cooperation in preventing money laundering


through cryptocurrency transactions;

Reaffirming its commitment to secure, transparent, and responsible digital financial systems;

_____________________________________________________________________

Operative Clauses:

The United Nations Office on Drugs and crime:

I. Stabilize an institution in collapsing countries to do not give reason to


popularization of cartels and other criminal financial groups

a) Call upon UN peacekepping military force to provide safety which some developing
nation cannot finance
b) Supporting basic needs in their countries which include education, access to
water and food, health care system
c) all being finance by United nations organizations such us Unicef and other, using
a huge resource of developing nations
II. Report policy

1) Country whose face huge problem of laundering money with using cryptocurrency will report
all economical transactions to United Nations, to avoiding a falsificatuon of report, to their
countries will sending a independent expert

2) Enhancing international cooperation and information sharing to prevent money laundering,


safeguard national economies, and support responsible digital financial innovation

3) Limited experience with large-scale crypto regulation, Limited regulatory capacity

4) Calls upon Member States to mandate that cryptocurrency businesses implement comprehensive
anti-money laundering measures, including regular compliance reviews, customer identity
verification procedures, and continuous monitoring of transactions, in
order to detect and prevent illicit financial activities;
Calls upon Member States to establish mechanisms for the regular exchange of
information, best practices, and regulatory developments related to cryptocurrency-based money
laundering, enabling countries to strengthen and update their legal frameworks in response to
evolving threats;

5) Calls upon Member States to mandate that cryptocurrency businesses implement comprehensive
anti-money laundering measures, including regular compliance reviews, customer identity
verification procedures, and continuous monitoring of transactions, in
order to detect and prevent illicit financial activities;
Calls upon Member States to establish mechanisms for the regular exchange of
information, best practices, and regulatory developments related to cryptocurrency-based money
laundering, enabling countries to strengthen and update their legal frameworks in response to
evolving threats;

III. System,Corperative work

6) Demanding the implementation of an efficient system for the seizure and confiscation of
cryptocurrencies used for illegal purposes:

a) Promoting the creation of national systems that would assist in identifying, tracking,
freezing, and seizing digital money linked to criminal operations;

b) Fostering collaboration between states on asset investigation cases related to


cryptocurrencies;

c) Suggesting the development of a secure method of exchanging information between


national bodies and international agencies;

7) Develop infrastructure in poor regions using funds supported by large volunteer companies:

a) According to Police Report point 2, all money invested in developing nations will be monitored
to ensure a warranty against corruption.

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