Presently there are various transnational crimes which are being committed by the people of the world generally and particularly under the influence of criminal organizations. Drug trafficking, money laundering, trafficking in women and children, illicit manufacturing of and trafficking in fire arms, acts of corruption, use of violence and extortion and illegal trafficking and transportation of migrants are the main transnational crimes with which the countries of the world are confronted. There is a rapid growth and geographical extension of organized crime in its various forms which has become a threat to the security of the international society, stability of sovereign states impairing the quality of life in addition to undermining the human rights and fundamental social values. Recognizing the growing threat of organized crime with its destabilizing and corrupting influence on fundamental social, economic and political institutions which demands increased and more effective international cooperation, the United Nations General Assembly passed a Resolution No.49/159 on 23 December, 1994. The said Resolution emphasized the need for improved international cooperation at all levels for more effective mutual assistance between the states in their fight against organized transnational crime.