Proliferation financingrefers to the act of providing financial services or funds for thedevelopment, acquisition, or delivery of nuclear, chemical, or biological weapons. The core threat involvesnetworks of individuals and entities using the financial systemto obtain sensitive technologies, materials, or knowledge forweapons of mass destruction (WMDs).
TheFinancial Action Task Force (FATF)identifies this as a major international security threat and requires institutions to assess and mitigate such risks.
[Reference: ACAMS CAMS Study Guide – 6th Edition, Chapter:Sanctions and Proliferation Financing– Section:Understanding and Identifying Proliferation Risks, , , , , ]
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