Australian Sanction Office - News

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.

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

As part of continuing improvements to PAX, the Australian Sanctions Office will be introducing a new application form for a sanctions permit. Due to technical limitations, information in applications that were submitted on the existing form cannot be carried across to the new form format. 

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).

Over the coming months, the Australian Sanctions Office will be progressively making improvements to the PAX Portal to enhance user experience and overall functionality. 

In accordance with regulation 6A(2) of the Autonomous Sanctions Regulations 2011 (the Regulations), the Minister for Foreign Affairs (the Minister) has designated the following individuals for targeted financial sanctions and declared for travel bans (together 'listed'), and designated one entity for targeted financial sanctions, by legislative instrument