What is Proliferation Financing?

There is no international definition of proliferation financing. However, the FATF produced a working definition of proliferation financing based on UNSCR 1540, which reads as follows:

"Proliferation financing" refers to the act of providing funds or financial services which are used, in whole or in part, for the manufacture, acquisition, possession, development, export, trans-shipment, brokering, transport, transfer, stockpiling or use of nuclear, chemical or biological weapons and their means of delivery and related materials (including both technologies and dual-use goods used for non-legitimate purposes), in contravention of national laws or, where applicable, international obligations.

For further information please consult the Counter-Proliferation Financing Guidance Notes (click on link below).

 Counter-Proliferation Financing Guidance Notes