Media Release
| Number | 2008-30 |
|---|---|
| Date | 23 December 2008 |
| Embargo | For Immediate Release |
Banking (Foreign Exchange) Regulations 1959
Sanctions Against
Zimbabwe – Amendment to the Annex
The Reserve Bank of Australia, following a directive from the Australian Government under the Banking (Foreign Exchange) Regulations 1959, currently administers financial sanctions against certain persons associated with the Mugabe regime in Zimbabwe.
The Australian Government has reviewed the list of persons subject to financial sanctions and has directed the Reserve Bank to remove 4 persons and add 75 new persons and 4 entities to the Annex of names. Amendments have also been made to 16 entries on the previous list. Attachment A provides details of these changes. The updated Annex now contains 254 persons and 4 entities.
Any transactions involving the transfer of funds or payments to, by the order of, or on behalf of any person listed in the Annex are prohibited without prior approval from the Reserve Bank.
Enquiries:
Media Office
Information Department
Reserve Bank of Australia
SYDNEY
Phone: +61 2 9551 9720
Fax: +61 2 9551 8033
E-mail: rbainfo@rba.gov.au
