Cooperative Threat Reduction (CTR) Program: Countering the Proliferation of Advanced Conventional Weapons (ACW) – Financial Chilling Action Plan (FCAP)
The project seeks to prevent proliferator states from selling destabilizing advanced conventional weapons (ACW) to states of proliferation concern. The Financial Chilling Action Plan (FCAP) seeks to reduce proliferator state defense firms’ access to financial markets and raise the operational costs of prohibited entities that export ACW. FCAP engagements leverage open-source information to assess and reject financial transactions that involve prohibited entities, their subsidiaries, and front/shell companies seeking to sell, finance, underwrite, or insure Russian and Chinese ACW proliferation.
The project works to:
- Engage financial institutions, chambers of commerce, investigative journalists, financial auditors, and logistics providers to induce a chilling effect on the Russian and Chinese defense sector by sensitizing these organizations to the risks of doing business with prohibited entities;
- Share corporate and beneficial ownership information of prohibited entities and their subsidiaries;
- Raise the awareness of financial compliance departments to identify obfuscated transactions that involve designated Russian and Chinese defense firms; and
- Engage financial auditors that inspect accounting data, financial records, and operational aspects of businesses to identify and mitigate risks.
Providers and Implementers ?
|Implementer||United States Department of State||State|
Related Projects & Programs
Parent Program: Cooperative Threat Reduction (CTR) Program
|Mr Todd Perry||Special Coordinator, UNSCR 1540||
Department of State
|Mr Stephen Knight||Point of Contact||
United States Mission to the United Nations