This session of the Fifth Edition of the 24-hour Conference on Global Organised Crime took a look at the Regulatory Approaches Taken Towards Organized Crime in the Global South Region.

It featured various discussions on issues such as the impact of organized crime on governance, the relationship between corruption and organized crime and the effectiveness of regulatory approaches to combat these challenges in the Global South. Key insights included:

Corruption and Organized Crime: Several speakers highlighted that corruption is a form of organized crime, deeply embedded in political systems, particularly in the Global South. Powerful elites, including politicians, often protect and collaborate with organized crime syndicates.

Response to Organized Crime: The need for international cooperation and legal frameworks, such as the United Nations Convention Against Transnational Organized Crime, was stressed to combat these issues across borders.

Illicit Financial Flows: There was a significant focus on illicit financial flows stemming from organized crime, how they interact with the informal economy, and their implications for development and governance in affected countries.

Regulatory Challenges: Challenges in regulation and enforcement in various countries were acknowledged, especially due to political corruption, lack of resources, and inadequate legal frameworks.

Environmental and Human Crimes: The discussions included a variety of organized crime types such as human trafficking and environmental crimes, and how these are facilitated by weak governance structures.

Discover more about the speakers here – https://oc24.heysummit.com.