The sanctions target entities in China, Hong Kong, Singapore, Malaysia and elsewhere for helping Iran evade sanctions and supplying critical components for its drones.
March 10, 2023China (incl. HK and Macau), Armenia, Turkey and Uzbekistan are named as "transshipment points commonly used to illegally redirect restricted items to Russia or Belarus”.
March 7, 2023Godfrey Phillips India exported tobacco to North Korea through a Thai intermediary, saying they were going to China. Hong Kong intermediaries were used to make the payments.
March 6, 2023Proposed amendments prescribe the circumstances in which foreign investors must report certain interests and information for inclusion in the new Register.
March 5, 2023US Treasury says sanctioned actors use smaller banks and wealth management firms to evade sanctions. FATF has suspended Russia's membership.
February 27, 2023The Treasury says legislating an objective will provide stability and confidence that policy changes will be aligned with the purpose of the superannuation system.
February 22, 2023The UK issued sanctions under its Global Anti-Corruption Sanctions Regime. The US sanctions were imposed under the Magnitsky Act.
February 19, 2023AFCA has received more than 3,300 complaints against BNPL providers since 2018. ASIC supports regulating BNPL under the National Credit Act.
February 17, 2023UK and New Zealand investors do not have to undergo national security reviews for noncontrolling investments in the US.
February 14, 2023The first-of-its-kind joint action marks the first time suspected ransomware operators have been designated under the UK sanctions regime.
February 13, 2023