ARTICLE · 16 MAY 2022

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Is it illegal to send money to Russia?

Criminal Defence Lawyers Australia

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If you have any financial or commercial dealings with Russia, you need to be aware of the legal risks & limitations that apply.

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KEY TAKEAWAYS

The war in Ukraine has led to a number of public and private economic sanctions against Russia which may limit your ability to conduct commercial activities and send money to relatives in certain regions.

If you have any financial or commercial dealings with Russia, it's crucial that you are aware of the legal risks and limitations that apply.

Here's what you should know.

Here is more information on money laundering offences in NSW.

GOVERNMENT SANCTIONS

The Australian Minister for Foreign Affairs has implemented a number of restrictions on commercial activities and money transfers into Russia as well as the Donetsk and Luhansk regions of Ukraine.

This includes a prohibition in dealing with financial instruments issued by, or providing loans or credit to:

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