Australia is a stable, democratic and culturally diverse nation with a highly skilled workforce and one of the strongest performing economies in the world.
On 30 March the Department of Foreign Affairs and Trade, and the United States Department of State, in partnership with Global Affairs Canada, DTEX and Mandiant, convened a symposium entitled Protecting Industry from North Korean Threats in Sydney.
The Minister for Foreign Affairs, Senator the Hon. Penny Wong, has announced the appointments of three experienced career officials to lead Australia’s diplomatic posts in Ho Chi Minh, Kolkata and Guangzhou.
The Australian Sanctions Office (ASO) has released three new guidance notes to assist the regulated community understand their sanctions obligations, particularly in the context of anti-money laundering and counter-terrorism financing (AML/CTF) reforms.
This guidance note covers information relevant to accountant in managing sanctions risks. It includes guidance in light of reforms to anti-money laundering and counter-terrorism financing (AML/CTF) legislation. It identifies key sanctions risks applicable to certain accounting services and outlines new sanctions-related AML/CTF legislative obligations that will apply to persons providing such 'designated services' from 1 July 2026.