Proliferation financing and sanctions evasion - FATF report highlights gaps in global response

​​​Introduction

1. On 20 June 2025, the Financial Action Task Force (‘FATF’) published a new report, 'Complex Proliferation Financing and Sanctions Evasion Schemes', highlighting that significant vulnerabilities remain across the global financial system in countering the financing of weapons of mass destruction (‘WMD’). 

2. The report analyses how proliferation networks are increasingly using sophisticated methods to evade sanctions, including sourcing dual-use goods and technologies through front companies and procurement networks. It also highlights the use of complex financial channels to access the global financial system and bypass export controls. 

3. Based on submissions from across the FATF global network, the report identifies four major typologies used in sanctions evasion:

• Use of intermediaries to evade sanctions
• Obscuring benefic​ial ownership information (BOI) to access the financial system
• Using virtual assets and other technologies
• Exploiting the maritime and shipping sectors

4. Read the FATF report in full.

Further information 

5. Further information on sanctions can be found on Government of Jersey and Jersey Financial Services Commission (JFSC) websites. 

6. Further guidance from the FATF. 

8. The UK Sanctions List on GOV.UK. 

9. The UK Office of Financial Sanctions Implementation Consolidated List on GOV.UK. 

Enquiries  

10. Non-media enquiries should be emailed to the Financial Sanctions Implementation Unit at sanctions@gov.je. ​