Proliferation Financing Awareness

The proliferation of weapons of mass destruction (WMD) including their means of delivery is a significant threat to global security. Proliferation and the financing of it is quickly evolving, as threat actors find innovative ways in disguising the funds using complex web structures.

Proliferation Financing (PF) networks cannot exist without proliferating states and criminals exploiting the international financial system. As stakeholders and protectors of the financial sector, it is important to understand PF and its consequences.

Using the i-KYC PF Awareness e-learning helps organisations to effectively train and test their staff about correct understanding of the latest PF risks and trends

Course Overview

This highly interactive proliferation financing e-learning has especially been designed by subject matter experts. Participants will gain valuable general knowledge about PF and how to recognise how financial firms can be used for PF activities and how to mitigate those risks.

Target Audience

This course is especially relevant for (Senior) Client Relationship Managers, Trade Finance (Operations) specialists, Risk Management analysts, Compliance officers, CDD analysts and Senior Executives.

Knowledge Test & Certification

Each module will end with a Knowledge Check to test if the participants have understood the content of the training. The results of the tests can be saved or printed and can serve as an audit trail for evidence towards the regulator

Audit Reporting Package

Evidence of course completion of users including Knowledge Test scores & time stamp for local Regulators and Correspondent Bank relationships. Including document with e-learning content (slides) plus list of questions of the knowledge checks.

Course Objectives

• Recognize the key components and characteristics of proliferation financing schemes.
• Analyse the methods used by proliferators to fund their activities.
• Demonstrate understanding of the global proliferation financing landscape, including relevant legal frameworks and regulatory measures.
• Identify red flags and indicators of potential proliferation financing within financial transactions and business operations.
• Apply foundational knowledge to assess and mitigate proliferation financing risks in a variety of contexts, including banking, trade, and non-profit sectors.

Course Content

• 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?
• Targeted Financial Sanctions
• Red Flags
• Knowledge check