Publication

This paper addresses the practical implementation difficulties of the EU's anti-proliferation financing regime. Discussing the regime put in place by the EU to prevent and combat the financing of WMD proliferation, it further elaborates on the role that the banking sector can play in the fight against WMD proliferation and its financing. The paper argues that—next to national export control measures aimed at restricting the illicit transfer of proliferation-related goods and services—financial measures can only play a limited role, because banks are not provided with adequately updated and actionable information on proliferators by the competent authorities.