Banking Sanctions Against Syria and Libya

The Reserve Bank of Australia has been directed by the Australian Government to take steps under the Banking (Foreign Exchange) Regulations 1959 to implement new autonomous targeted financial sanctions against Syria and further autonomous targeted financial sanctions against Libya.

Specific transactions involving the dealing of funds by the order of, on behalf of, or for the benefit of, any person or entity listed in the Reserve Bank’s Media Release Syria Annex or the updated Libya Annex are prohibited.

 

Your Compliance Support Plan

We understand you need a cost-effective way to keep up to date with regulatory changes. Talk to us about our fixed price plans.