In the September 2025 issue of Business Brief, Nadia A. Ziani, Sqope’s Director for the UK & Channel Islands, delivers an insightful article titled “Rethinking Risk”. The piece focuses on the growing importance of proliferation financing risk and how firms in Guernsey and similar jurisdictions must proactively assess, monitor, and mitigate this risk rather than treating it as a side issue.
Nadia argues that proliferation financing (i.e. financing that can contribute to the spread of weapons of mass destruction) deserves its own dedicated spot in risk frameworks and regulatory assessments. She highlights that while Guernsey may not be considered “high-risk” in this arena, the indirect exposures—from global supply chains, international clients, and opaque structures—create vulnerabilities. Key themes include:
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Embedding proliferation financing into Business Risk Assessments (BRAs) alongside terror financing and sanctions risk.
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Enhancing onboarding, documentation, and dual-use goods monitoring.
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Stronger, better documented decision-making when risk indicators are present—exposure via trade, logistics, ownership, etc.
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The regulatory expectation that firms must move beyond checking boxes; they should show well-considered mitigation strategies.
The article serves as a call to action: for firms to update risk frameworks, ensure their teams are aware, and treat compliance with proliferation financing not just as regulatory compliance, but essential to responsible business practices.
Please click here to read the full article “Rethinking Risk” by Nadia A. Ziani in Business Brief.