Proliferation Financing

Proliferation financing concerns the provision of funds or financial services connected with the development, acquisition, manufacture, possession, transport or use of chemical, biological, radiological or nuclear weapons.

The risk often arises through complex corporate structures, international trade, shipping, technology transfers and sanctions evasion.

For law firms, proliferation financing concerns frequently overlap with sanctions compliance and cross-border transactional work. Keystone's PWRA treats proliferation financing as a distinct financial crime risk.

To combat the risks associated with proliferation financing, you are expected to:

• understand the parties involved;
• understand the nature of the goods, technology or services involved;
• understand the jurisdictions connected with the transaction;
• remain alert to sanctions concerns; and
• escalate unusual or high-risk international arrangements.