Australia Publishes New Sanctions Guidance

Australia's Sanctions Office this month issued new and updated "guidance notes" about various sanctions laws, including information about compliance obligations for Australian people and entities. The new documents cover sanctions involving advanced technologies, the financial sector, employment, the ocean shipping industry, Russia-related restrictions, and more.

They include:

• AI and quantum technology sector
• Employment with designated persons or entities
• Fintech and the DeFi sector
• Maritime sector
• Remittance service providers
• The import, purchase and transport of transformed and de minimis quantities of Russian petroleum gases, oil and refined petroleum products.