In January 2026, KordaMentha provided a submission to the Australian Senate’s Foreign Affairs, Defence and Trade References Committee as part of its inquiry into the effectiveness of Australia’s sanctions against the Russian Federation.
Drawing on our financial crime, sanctions and regulatory compliance expertise, the submission examines practical challenges limiting sanctions enforcement, including beneficial ownership opacity, vessel‑screening complexity and the absence of dedicated investigatory powers. It also highlights how principles commonly applied in AML/CTF regimes can materially strengthen sanctions effectiveness and reduce evasion risks.
This submission reflects KordaMentha’s ongoing contribution to public policy discussions at the intersection of sanctions, financial crime and regulatory reform.
