Explain UNCTOC

UNCTOC identified the concept of an organized crime. A crime is termed as an "Organized Crime" when people in different countries and/or of different nationalities plan to commit a crime in an organized manner. UNCTOC defines an "Organized criminal group" as a "structured group of three or more persons, existing for a period of time and acting in concert with the aim of committing  one  or  more  serious  crimes  or  offences  established  in  accordance  with  this Convention, in order to obtain, directly or indirectly, a financial or other material benefit" UNCTOC  has  even  criminalized  the  laundering  of  the  proceeds  of  crime  and  defines  the "Proceeds of crime" as "any property derived from or obtained, directly or indirectly, through the commission of an offence".