The proliferation and illicit trade of WMD is a highly complex and opaque market. Financial institutions are expected to play their part in counter-proliferation efforts. Banks with lax defences are more likely to be exploited by murky and unscrupulous entities that will seek to channel their transactions through the formal financial system.
The consequences of weapons proliferation can prove disastrous for society at large and this is often reflected in the severe regulatory repercussions for banks that facilitate proliferation, whether they intend to or not.
The FIU CONNECT (Proliferation Financing) training program has been carefully developed and refined by ManchesterCF to furnish financial intelligence professionals with the skills and knowledge needed to effectively combat proliferation financing. The course places special emphasis on the money laundering techniques used to transfer value between buyers and sellers of WMD components.
This course has been developed by intelligence community professionals.
The FIU CONNECT (Proliferation Financing) training program can be implemented with the following components:
- Digital textbook
- Computer-based training (customisable and SCORM-compliant)
- Multiple languages
The film “Countdown to Zero” provides insight into some of the current issues facing financial institutions and governments about the proliferation of weapons of mass destruction. This film can be rented or purchased from the iTunes store.