Regulatory Alerts2025-10-20
Institutional Proliferation Financing Risk Assessment Guidance Note
The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) issues this guidance to direct regulated non-bank financial institutions on conducting institutional proliferation financing risk assessments. The framework requires entities to systematically identify and evaluate inherent and residual risks across customers, products, jurisdictions, transactions, and delivery channels while assessing the design and operational effectiveness of existing controls. NBFIs must calibrate transaction monitoring tools, screen against United Nations Panel of Experts lists and sanctions, implement targeted staff training, and apply a risk-based approach to mitigate proliferation financing vulnerabilities in compliance with FATF recommendations.
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