Homeland 411, a US website, on 1st February published an article on the back of the publication on 24th January of a report from Dr Jonathan Brewer (who also produced the report on proliferation typologies for Project Alpha last year).  This latest report – The Financing of Nuclear and other Weapons of Mass Destruction Proliferation – which, it says, “explores funding and proliferation of WMD with insight and recommendations of how global leaders can better track sources of WMD financing. It’s not an easy undertaking. In fact, it’s a “needle in a haystack” scenario”. The report breaks down the proliferation financing into 3 phases – fundraising, disguising the funds within the financial system, and then procurement of “material, technology, and logistics” for a given WMD programme.  Dr Brewer is quoted as saying that ultimately it comes down to what regulators require. In the US, banks must follow specific regulations regarding suspect transactions, but overseas, Brewer said his impression is that there’s less expertise, limited resources, and limited use of relevant data. The report urges the international community to enhance its financial controls, otherwise countries such as North Korea and others will continue acquiring illicit capabilities, and calls for better implementation of existing controls.


The Report is at –


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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