CONFERENCE ON COMBATING THE FINANCING OF PROLIFERATION OF WEAPONS OF MASS DESTRUCTION (WMD)

Date: 12/2013 Description: Doha PFC logo - State Dept Image

  

The Conference on Combating the Financing of Proliferation of Weapons of Mass Destruction (WMD) brought together practitioners in the field of nonproliferation export controls, financial intelligence, and customs enforcement to promote the sharing of international best practices and development of national-level mechanisms to combat proliferation financing. The Conference was held at the Doha Hilton, December 15-16, 2013.  Approximately 70 government officials from the Gulf Cooperation Council (GCC) states, as well as Cyprus, Egypt, Jordan, and Morocco participated in this event.  

 

Establishment of national-level measures to combat the financing of proliferation is a universal obligation under United Nations Security Council Resolution 1540 (2004).  To that end, the conference discussed ways to build effective national and international capabilities to disrupt and deter financing of proliferation-related trade, propose preventive measures for financial institutions, and discussed the role of financial institutions in implementation of international counterproliferation financing standards.  Conference speakers included proliferation financing experts from the UN1540 Committee; the Financial Action Task Force (FATF) Secretariat; the U.S. Departments of State and Treasury; the Qatari Ministry of Defense; and foreign ministries of Australia and France.  In addition, the Union of Arab Banks and a number of other global and regional financial institutions represented financial industry at this gathering.

 

This event was jointly sponsored by the Committee on Prohibition of Weapons at the Qatari Ministry of Defense and the Export Control and Related Border Security Program of the U.S. Department of State.  The conference underscored the continuing cooperation between the Governments of the State of Qatar and the United States in countering the proliferation of weapons of mass destruction.