Stakeholders in the financial sector need to understand Proliferation Financing and its consequences
The proliferation of weapons of mass destruction (WMD), including their means of delivery, is a significant threat to global security. Proliferation and its financing are quickly evolving as threat actors find innovative ways of disguising the funding using complex web structures.
This single-module course introduces staff to the concept of Proliferation Financing (PF) and then develops their understanding of how PF works, how it is developing, and the threat it poses to the world. It makes clear how PF differs from money laundering, and how financial services businesses in all countries can be exposed to the risk of having their systems misused to facilitate PF. It contains details on the problems posed by dual use goods.
The lesson provides practical tips and examples to assist in identifying transactions that should be subjected to closer examination. These practical examples empower employees to act in line with their legal and ethical obligations.
Who should do this training?
This course is suitable for customer-facing staff, their managers, and other operational staff who deal with financial transactions.
Download the course outline here
Specialized Financial Economic Crime Training
GRC Solutions is delighted to collaborate with i-KYC, the internationally respected Financial Economic Crime (FEC) advisory company, to bring you a series of courses on FEC subjects. I-KYC develops premium content using their decades of experience in the financial services sector. Combined with GRC Solutions award-winning Salt Learning technologies these courses will empower your people to take your FEC resistance to the next level
- What is Proliferation Financing?
- Why is the prevention and detection of Proliferation Financing important?
- What is the Proliferation Financing process?
- What are the high risk countries for Proliferation Financing?
- Red flags
Do you have a policy or process, or some subject-matter expertise that you would like to add to this course?
Talk to us about ways we can quickly tailor the course to suit your needs.