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I was reading the FATF recommendation and its title was
INTERNATIONAL STANDARDS ON COMBATING MONEY LAUNDERING AND THE FINANCING OF TERRORISM & PROLIFERATION
I understand every thing other than "proliferation" in above sentence. In my dictionary it means growing rapidly or multiplying rapidly, but this meaning don't make sense in here I think! So what's the correct definition?!
It is actually a finance term: "Proliferation financing"
Defined by FATF (p.29, under Option 1):
Proliferation financing refers to:
the act of providing funds or financial services which are used, in whole or in part, for the manufacture, acquisition, possession, development, export, transhipment, brokering, transport, transfer, stockpiling or use of nuclear, chemical or biological weapons and their means of delivery and related materials (including both technologies and dual-use goods used for non-legitimate purposes), in contravention of national laws or, where applicable, international obligations.
If I put that simply:
Using money for extremely deadly weapons.
The literal definition of proliferation is (from ODO):
Rapid increase in the number or amount of something.
If the thing whose number or amount is not specified explicitly, it must be inferred from the context. In the realm of politics and international relations, it's usually used to refer to nuclear weapons or other weapons of mass destruction.
For instance, the Treaty on the Non-Proliferation of Nuclear Weapons is often just called the Non-Proliferation Treaty -- the reference to nuclear weapons is understood. And in your example, it's talking about financing the increased production of weapons that would be used by terrorists.
