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Cooperative Threat Reduction (CTR) Program: Countering the Proliferation of Advanced Conventional Weapons (ACW) – Financial Chilling Action Plan (FCAP)

Program

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.

Risk Area(s) covered

Multiple CBRN

Activities

Knowledge Sharing/Best Practices
Legislative/Regulatory Assistance

Beneficiary Countries

Beneficiary Regions

Africa
Central Asia
Europe
Middle East
Oceania
South Asia

Budget

300000 USD

Status

Ongoing
Start Date: January 1, 2018
End Date: 

ASI Database Release

Providers and Implementers ?

Related Projects & Programs

Parent Program: Cooperative Threat Reduction (CTR) Program

Contacts

Name Position Agency/Department/Org Note
Mr Todd Perry Special Coordinator, UNSCR 1540
Department of State
United States
Mr Stephen Knight Point of Contact
United States Mission to the United Nations
United States

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