Anti-Financial Crime & Financial Crime Compliance
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Asia-Pacific, Regulatory, Sanctions

Australia has eyes on Magnitsky-style legislation to directly sanctions individuals

By Dan Byrne for AMLi

Australia looks set to become the latest jurisdiction to bring in new powers for tougher international sanctions on individuals.

Mirroring the US Magniskty Act that was passed in 2012, the law will give the Australian government a much broader array of options to deal with suspected “perpetrators of egregious acts of international concern,” according to the country’s foreign minister Marise Payne.

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