High-speed cameras, centrifuges, and certain chemicals have legitimate uses but can also be diverted for weapons programs, making Proliferation Financing challenging. Understanding dual-use goods is therefore critical. Key questions include who is buying them, why, in what quantity, and how they are funded. Bankers play a vital role by monitoring fund flows, trade finance, and client transactions. Dual-use goods, categorized as Chemical, Biological, Radiological, and Nuclear, are defined under global frameworks such as the Wassenaar Arrangement, Australia Group, Nuclear Suppliers Group, and India’s SCOMET list. A clear understanding of these goods and India’s regulatory framework helps monitor their trade and identify red flags in suspicious transactions.

About the Trainer

Himanshu Vasa

Empaneled Trainer

Himanshu Vasa is Former President & Chief Compliance Officer (CCO) of Kotak Mahindra Bank with over 34 years of strategic and operational leadership in banking, financial services, and consulting. His expertise in corporate governance, regulatory compliance, enterprise risk management, and strategic transformation and ability to resolve regulatory and operational challenges has earned him the Certificate of Recognition of Excellence at the CFO 100 awards function for 7 consecutive years.