An international group warned Friday that the finances behind the proliferation of weapons of mass destruction increasingly flow through Russia, and assessed that most nations lack the ability to find and freeze them in time. The 87-page report from the Financial Action Task Force, which sets and evaluates compliance with global standards against illicit finance, documents dozens of examples of private parties and public entities in North Korea, Iran and Russia using a variety of methods to evade WMD-related commercial and banking restrictions imposed by the U.N. For nearly five years, FATF's technical standards for counter–proliferation financing, or CPF, have...
The Financial Action Task Force published a report to warn that several jurisdictions are failing to fully implement and enforce targeted financial sanctions, particularly those related to terrorist financing and proliferation.