Sanctions

Sanctions are measures imposed by the Australian Government and the United Nations Security Council (UNSC) in situations of international concern.

Australian sanction laws implement UNSC sanctions and Australian autonomous sanctions regimes.

Australian autonomous sanctions regimes may supplement UNSC sanctions regimes, or be separate from them.

These sanctions impose restrictions on activities relating to particular countries, goods and services, persons and entities.

The Department of Foreign Affairs and Trade (DFAT) website provides more information about sanctions and the penalties for contravening sanctions law.

Implications for reporting entities

Reporting entities should take each sanction into account when considering whether a transaction should be reported to AUSTRAC as a suspicious matter or a suspect transaction.

AUSTRAC recommends that reporting entities review their AML/CTF programs to accommodate new sanctions.

List of sanctions

The sanctions regimes currently implemented under Australian sanction laws are:

Consolidated List

The Consolidated List is a list of all persons and entities subject to targeted financial sanctions or travel bans under Australian sanctions laws. To access this list go to the Consolidated List page of DFAT's website.

Last modified: 08/06/2016 13:40