On 15 September, RUSI published a guidance paper which aims to advise VASP on best-practice compliance when dealing with proliferation financing risk, and directs compliance officers towards relevant publications that may assist in their work.  It is said that it will be particularly helpful to those VASP who have not previously thought about proliferation financing or the implementation of targeted financial sanctions related to proliferation as a distinct financial crime or sanctions risk.  Mostly focusing on North Korea, it draws on typologies, red flags and best practice that can be found in other types of virtual assets crime, especially when illicit activities are conducted by large criminal organisations that might have comparable expertise and funding to a sanctioned country.


Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, 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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: