Media Release Changes to Financial Sanctions
At the request of the Commonwealth Government, the Reserve Bank took steps under the Banking (Foreign Exchange) Regulations on 3 October and again on 17 October to prohibit transactions involving accounts in the name of persons or entities identified by the United Nations and United States as being linked to terrorism.
The Reserve Bank has today written to financial institutions to provide them with a further updated list to reflect additional persons and entities identified by the United States. The names of persons or entities added to the list are attached, with restrictions applicable immediately.
UPDATE: On 7 March 2012, responsibility for the administration of Australia's autonomous financial sanctions was
transferred from the RBA (under the Banking (Foreign Exchange) Regulations 1959) to the
Department of Foreign Affairs and Trade (DFAT) (under the Autonomous Sanctions Regulations 2011).
This change was announced in RBA Media Release No 2012-05. As a result, the content of this media release is no longer current and any accompanying annexes and/or attachments have been removed. For all enquiries about Australia's autonomous financial sanctions regime, including the current list of sanctioned individuals and entities, refer to the DFAT website.
Reserve Bank of Australia
Phone: +1 61 2 9551 9720
Fax: +1 61 2 9221 5528