Where sanctions, proliferation financing and AML/CTF collide

Proliferation financing frameworks help businesses understand who they deal with and where funds end up. Organisational risks can arise indirectly through supply chains, even when they think exposure is low. As Australia’s AML/CTF reforms took effect on 1 July 2026, most of the focus was on compliance for Tranche 2 entities, but the reforms also strengthen expectations around sanctions and proliferation financing risk management that businesses need to address. So, should businesses integrate proliferation financing risk frameworks into their operations, even if they believe the risk is low? In this episode of Beyond the Numbers with Grant Thornton, AML/CTF expert Neil Jeans explores why organisations should assess their exposure, even if they think risk is low, and where businesses can start so they’re in the best defensive position should any issues arise. 🎙️ Learn more about our guests: Neil Jeans - https://tinyurl.com/3w5szapy 📝 Read the transcript: https://tinyurl.com/3n4aytur This podcast is a part of our Beyond the numbers with Grant Thornton series: https://shorturl.at/JMVno From business strategy to industry innovation and economic landscape analysis, we’ve brought together our experts to unpack how Australian businesses are doing things differently at magnitudes never seen before in Australia. 🎧 Where to listen: Apple Podcasts - https://podcasts.apple.com/us/podcast... Spotify - https://open.spotify.com/show/0g3cgsR... 📲 Follow us on socials: LinkedIn -   / 462735   Facebook -   / grantthorntonaustralia   Instagram -   / grantthorntonaustralia   About Grant Thornton Australia: Your business deserves remarkable support. No matter your industry, business lifecycle stage, market or growth plans, our experienced audit, assurance, tax and advisory professionals are dedicated to achieving the best outcome for you and your stakeholders. © 2025 Grant Thornton Australia Limited – All rights reserved. “Grant Thornton” refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Grant Thornton Australia is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 and its Australian subsidiaries and related entities. Liability limited by a scheme approved under Professional Standards Legislation.