The guide explains how the Tranche 2 reform in Australia introduces explicit obligations around financing the proliferation of weapons of mass destruction (WMDs). It covers what “proliferation financing” means under the new rules, how organisations must assess and mitigate related risks alongside money-laundering and terrorism-financing risks, and what steps regulated entities should take to prepare for these expanded obligations.
What the guide covers
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The definition and scope of proliferation financing under the amended regime (including WMD-related activity)
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How regulated entities must incorporate proliferation financing risk into their AML/CTF programmes (risk assessment, due diligence, monitoring)
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Preparation actions: documenting low-risk assessments, embedding policies, tracking dual-use goods and high-risk jurisdictions