A series of videos are being published to help raise awareness of the requirements and risks associated with proliferation financing.
The recordings will cover a range of key topics to enhance understanding of PF and assist firms in meeting their obligations in relation to the Anti-Money Laundering and Countering the Financing of Terrorism.
The proliferation of weapons of mass destruction is identified by the Financial Action Task Force (FATF) as an emerging threat in terms of financial crime.
Proliferation Financing
The videos are part of a PF outreach programme being coordinated by a number of government agencies, including the Financial Services Authority, Gambling Supervision Commission, Financial Intelligence Unit, Cabinet Office, and Treasury’s Customs and Immigration Division.
Bitesize clips will be uploaded in the weeks ahead, culminating in the publication of the Island’s PF risk assessment in the first quarter of 2025.
Topics will include an explanation of PF, an overview of the relevant sanctions regimes, PF red flags and typologies for the financial and non-financial sectors, and information about how to report suspicions.
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