Best Practices in Countering DPRK Proliferation Finance for the Financial Sector

Featured Speakers :
WHEN : 06/16/2021 11:00 am ET

Complimentary webinar, presented by Global Affairs Canada

The second in a five-part series focuses on counter-proliferation financing risks.

Esta presentación ofrecerá traducción simultánea en Español.

Despite international pressure and tough sanctions, the authoritarian North Korean regime known as the Democratic People’s Republic of Korea (DPRK) has proven resilient and persistent in finding avenues to finance its nuclear and missile programs.

From cryptocrime and coal shipping to procurement of dual-use goods, the DPRK uses a wide variety of tools and techniques to generate funds and buy components for its weapons program off the international market, but almost all have one thing in common – a connection to the legitimate financial system. That means financial institutions and service providers can play a starring role in combating the finances of a global security threat.

In this session, join counter-proliferation financing expert Dr. Togzhan Kassenova as she provides guidance on tools, techniques and compliance considerations for banks and other financial institutions to counter the financing of DPRK weapons program.

The presentation will cover:

  • How institutions can improve their ability to identify transactions involving dual-use goods and practical resources to use
  • Customer due diligence considerations and techniques to help identify proliferation financing risks
  • How to identify potential risks and issues in trade financing transactions
  • And more