FATF Highlights EU P2P as a Global Leader in Countering WMD Proliferation

Preventing the proliferation of weapons of mass destruction (WMD) and disrupting the financial networks that sustain them remain core elements of global security. As proliferation financing schemes grow more complex, coordinated international action and strong national control systems are increasingly important.  

The latest report from the Financial Action Task Force (FATF)¸ Complex Proliferation Financing and Sanctions Evasion Schemes, recognises the contribution of the European Union’s Partner-to-Partner Export Control Programme for Dual-Use Goods (EU P2P). The programme’s support helps partner countries strengthen their export controls, improve risk-based supervision, and build the skills needed to detect and mitigate proliferation financing. 

Read the full report here.

The study, developed collaboratively by FATF member countries, examines emerging trends, methods, and vulnerabilities within the global financial landscape. It stresses the importance of applying and complying with international standards, while noting that only 13% of countries currently achieve full compliance with FATF requirements in this critical area. The findings reinforce the need for deeper international cooperation, specialised task forces, and robust risk-assessment mechanisms to address increasingly complex proliferation financing activities.  

The report specifically recognises the EU P2P Programme’s efforts to raise awareness of proliferation financing and to support partner countries in conducting Proliferation Finance National Risk Assessments (PF-NRAs). These activities are highlighted as “good practices in international cooperation” that contribute directly to global efforts to prevent WMD proliferation.  

The EU P2P is one of the European Union’s longest-standing initiatives dedicated to strengthening the responsible management of international trade in dual-use goods and related financial transactions. By improving export control systems, enhancing national capacities, and supporting compliance with FATF recommendations and other international standards, the programme helps partner countries build robust and sustainable systems to counter proliferation risks. 

Through its collaborative and capacity-building approach, the EU P2P Programme continues to play a pivotal role in supporting countries worldwide to detect, prevent, and respond to evolving proliferation financing threats.