The Bailiwick of Guernsey has put in place measures to counter the proliferation of weapons of mass destruction and the financing of weapons of mass destruction.
The Bailiwick has had domestic legislation in place to implement the UN measures relating to proliferation financing since their inception. Following the UK's withdrawal from the European Union, these measures are implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 ("the 2020 regulations"). For further information on these, please see the information provided here on specific sanctions regimes. Information on sanctions regimes can also be found on the HM Treasury website and the European Commission website.
In light of particular international concern about proliferation financing in relation to Iran and North Korea, and to ensure understanding of the context and scope of the framework applicable to Guernsey, detailed guidance on combatting proliferation and proliferation financing has been issued by the Policy & Resources Committee and the Committee for Home Affairs, available 
here [1Mb]. In addition, specific outreach has been carried out in order to assist businesses to understand the effect of the counter-proliferation and counter-proliferation financing sanctions regimes in place. This information should inform the countermeasures put in place by businesses.
The FATF defines proliferation financing as funds or financial services used for the manufacture, acquisition, possession, development, export, trans-shipment, brokering, transport, transfer, stockpiling or use of nuclear, chemical or biological weapons and means of delivery and related materials (technologies and dual use goods used for non-legitimate purposes) in contravention of national laws or international obligations. (FATF working definition 2010)
Information provided at briefings for the private sector sponsored by the Policy & Resources Committee, in liaison with the Sanctions Committee, held in Guernsey in the fourth quarter of 2016 is available here [1Mb]. Information provided at briefings for the private sector held by the Policy & Resources Committee, in liaison with the Sanctions Committee, in Guernsey in the fourth quarter of 2018 is available here [5Mb]. Information provided at briefings for the private sector sponsored by the Policy & Resources Committee, in liaison with the Sanctions Committee, held in Guernsey in March2023 is available here [1Mb]. Information provided at briefings for the private sector by the Policy & Resources Committee, in liaison with the Sanctions Committee, held in Guernsey in May 2023 is available here [265kb]. Information provided by representatives from the Gibraltar and Isle of Man FIUs at briefings for the private sector by the Policy & Resources Committee, in liaison with the Sanctions Committee, held in Guernsey in August 2023 is available here [1Mb]. Information provided at briefings for the private sector by the Policy & Resources Committee, in liaison with the Sanctions Committee, held in Guernsey in October 2023 is available here [9Mb]. The slides for the Countering Proliferation Financing briefings conducted by RUSI in April 2024 can be found here [2Mb].
Additional typologies-based information produced by Kings College London in 2017 is available here [3Mb]. Amongst other matters, this information includes material on attempted sanctions evasion.
Reference documents providing further information about the context and threat of proliferation financing, together with attempted sanctions evasion and the countering of proliferation financing can be accessed through the links below.
Documents produced by the FATF
Documents produced by authorities within jurisdictions
Documents produced by independent bodies
