News, speeches and media

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 Australian Government has directed the departure of all Australian officials and dependents and suspended operations at our Embassy in Tehran, based on advice about the deteriorating security environment in Iran.

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).

The situation in the region is constantly changing. A ceasefire is currently in place.

Australia and China held bilateral Senior Officials’ Talks in Canberra on 13 June.

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.

The Australian Sanctions Office (ASO) has released 10 new guidance and advisory notes to assist the regulated community understand their sanctions obligations.

Alongside the OECD 2025 Ministerial Council Meeting held in Paris, Australian Minister for Trade and Tourism, Senator the Honourable Don Farrell and UK Secretary of State for Business and Trade, the Rt Hon Jonathan Reynolds MP, met on 3 June 2025, for the second meeting of the Australia-United Kingdom Free Trade Agreement Joint Committee.

Cairns Group Ministers and Senior Officials gathered on 2 June 2025 in Paris, where they reaffirmed their commitment to agriculture trade reform, sustainability of agri-food systems, and long-term global food security.

The report, which focuses primarily on unlawful DPRK-Russia military cooperation including arms transfers and Russia’s training of DPRK troops, consolidates information provided by MSMT participating states on violations and evasions of sanction measures stipulated in relevant United Nations Security Council resolutions (UNSCRs). The report also contains information provided by open source intelligence organizations.