This guide explains proliferation financing risk and how it fits into Australia’s Tranche 2 AML/CTF reforms. It outlines what proliferation financing is, why regulators are focusing on it, and how organisations can identify and manage exposure through effective risk assessments, controls, and monitoring.
What’s in the guide
- Clear explanation of proliferation financing and how it differs from traditional money laundering
- Overview of regulatory expectations under Tranche 2 reforms
- Key risk indicators and red flags to watch for
- Practical steps for incorporating proliferation financing into AML/CTF programmes
- Guidance on screening, monitoring and reporting obligations
- Real-world context on how proliferation risks arise in business activities