The Australian Sanctions Office (ASO) has published 1 new advisory note on Sanctions Risks of incoming funds from Iran.

The Minister for Foreign Affairs (the Minister) has, by legislative instrument, designated persons and entities for targeted financial sanctions, declared persons for travel bans, and designated vessels as sanctioned vessels for Russia  (together, “listed”), under item 6A of regulation 6 (the Russia Criteria) and regulation 8 (the vessels criteria) of the Autonomous Sanctions Regulations 2011 (the Regulations).

On 24 February 2026 the Foreign Minister announced  Australia had lowered the Oil Price Cap (OPC) applicable to maritime services provided in relation to Russian-origin crude oil from USD47.60 to USD44.10 per barrel.

The Australian Sanctions Office (ASO) has updated 5 guidance and advisory notes and released 1 new guidance note to assist the regulated community understand their sanctions obligations.