Guidance on Counter Proliferation Financing for FIs, DNFBPs and VASPs

Download Guidance on Counter Proliferation Financing for FIs DNFBPs and VASPs produced by the Executive Office For Control & Non-Proliferation (EOCN).

This Guidance is supplementary to the Guidance on Targeted Financial Sanctions for Financial Institutions (FIs), Designated Non-Financial Business and Professions (DNFBPs), and Virtual Assets Service Providers (VASPs). It explains the definitions of Proliferation Financing, Stages of Proliferation Financing, and the UAE AML/CFT legal framework.

This Guidance on Counter Proliferation Financing for FIs, DNFBPs, and VASPs is issued to raise the awareness of the private sector against the threats, risks, and vulnerabilities of PF and to identify, assess, understand and mitigate the PF risks in line with the FATF Standard.

The Guidance provides a list of red flags to assist FIs, DNFBPs, and VASPs in identifying and uncovering PF sanctions evasion activities.