The Minister for Foreign Affairs (the Minister) has by legislative instrument designated persons and entities for targeted financial sanctions and declared persons for travel bans (together, 'listed') in accordance with item 6A of regulation 6 (the Russia Criteria) of the Autonomous Sanctions Regulations 2011 (the Regulations).

On 19 May, AUSTRAC released ‘the second public consultation on new AML/CTF Rules’. Among the proposed changes include the requirement for reporting entities regulated by AUSTRAC to develop, maintain and comply with policies to ensure that they do not contravene targeted financial sanctions obligations, including asset freezing, in the provision of their designated services.

The Minister for Foreign Affairs (the Minister) has by legislative instrument designated 60 vessels as sanctioned vessels for Russia (‘listed’) in accordance with regulation 8 of the Autonomous Sanctions Regulations 2011 (the Regulations).

In accordance with regulation 6A(4) of the Autonomous Sanctions Regulations 2011, the Minister for Foreign Affairs has designated two individuals for targeted financial sanctions and declared them for travel bans.