Transparency International Australia is pleased to provide the following comments and recommendations to the inquiry into Australia’s sanctions regime.
As well as promoting human rights, democratic values, and international stability, sanctions can be a powerful anti-corruption measure to counter the use of the proceeds of crime and corruption and as a complement to Australia’s Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) regime. We strongly support this approach which would align Australia with global efforts to combat corruption and reinforce international legal standards and accountability.