The Australian Government has updated its financial sanctions against certain persons associated with the Mugabe regime in Zimbabwe under the Banking (Foreign Exchange) Regulations 1959.

The Australian Government has directed the Reserve Bank to remove 4 persons and add 75 new persons and 4 entities to the Annex of names. Amendments have also been made to 16 entries on the previous list. Attachment A provides details of these changes. The updated Annex now contains 254 persons and 4 entities.

Any transactions involving the transfer of funds or payments to, by the order of, or on behalf of any person listed in the Annex are prohibited without prior approval from the Reserve Bank.