Media Release
Banking (Foreign Exchange) Regulations 1959
Sanctions Against Iran
The Reserve Bank of Australia has been directed by the Australian Government to take steps under the Banking (Foreign Exchange) Regulations 1959 to implement financial sanctions against several Iranian entities and persons who contribute to Iran's proliferation activities but are not already listed by the United Nations Security Council. Details of these entities and persons are contained in the Annex.
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.
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As a result, the content of this media release is no longer current and any accompanying annexes and/or attachments have been removed.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.
Enquiries
Manager, Media Office
Information Department
Reserve Bank of Australia
SYDNEY
Phone: +61 2 9551 8111
Fax: +61 2 9551 8033
E-mail: rbainfo@rba.gov.au