ACAMS/RUSI STUDY SHOWS FINANCIAL INSTITUTIONS FAILING TO CHECK FOR PROLIFERATION FINANCE

AN INTERNATIONAL survey has revealed significant gaps in understanding among financial institutions about proliferation finance, with compliance policies requiring improvement. Indeed, the study by the London-based RUSI (Royal United Services Institute) and the US-based ACAMS (Association of Certified Anti-Money Laundering Specialists) noted that only 33% of institutions checked worldwide conducted standalone proliferation finance risk assessments. And a large proportion of banks and other financial institutions failed to incorporate proliferation finance in the ...


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