New thematic sanctions for malicious cyber activity
Following the introduction of the Autonomous Sanctions
Amendment (Magnitsky-style and Other Thematic Sanctions)
Regulations 2021 (the Magnitsky-style
Regulations) on 21 December 2021, Australia has announced
the second tranche of financial and travel sanctions under the
Magnitsky-style Regulations on 23 January 2024.
As discussed in our previous updates from
August 2021,
December 2021 and
April 2022, the Magnitsky-style Regulations were introduced to
expand Australia's autonomous sanctions framework to
facilitate targeted sanctions against individuals responsible for,
or complicit in, serious corruption, human rights violations and
cyber-crime.