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5 Law, Tech. & Hum. 165 (2023)
Automating Sanctions Compliance: Aligning Regulatory Technology, Rules and Goals

handle is hein.journals/lwtchmn5 and id is 389 raw text is: httns :1thI.put.edu a Volume 5 (2) 2023 LAW, TECHNOLOGY AND HUMANS https://doi.org/10.5204/thj.2506 Automating Sanctions Compliance: Aligning Regulatory Technology, Rules and Goals Oliver Hackney Australia Anna Huggins Queensland University of Technology, Australia Abstract Keywords: Sanctions regulation; compliance; RegTech; automation. 1. Introduction The raft of sanctions introduced by governments throughout the world in response to the Russia-Ukraine conflict and other situations of international concern underscore the importance of compliance with sanctions regulations. In the Australian regulatory context, for example, the Federal Government has adopted a broad sanctions package in response to the Russia- Ukraine conflict, including targeted financial sanctions and travel bans against Russian military personnel, oligarchs, key government officials, members of the Russian Security Council, key financial institutions, pro-Kremlin propagandists, Belarusian military and government personnel, and organisations involved in the supply of weaponry to Russia or surveillance technology used to persecute protestors.1 These sanctions sit alongside 23 other active sanctions regimes the Australian Government has imposed in response to situations of international concern.2 This recent spate of activity highlights the expanding sanctions regulatory requirements and the need for organisations to adapt their compliance approaches to satisfy the evolving legal requirements. The authors gratefully acknowledge the helpful comments of the anonymous reviewers and the funding received from the Human Technology Law Centre at Queensland University of Technology. 1 See Autonomous Sanctions Amendment (Russia) Regulations 2022 (Cth); Autonomous Sanctions Amendment (Ukraine Regions) Regulations 2022 (Cth); Autonomous Sanctions (Designated Persons and Entities and Declared Persons Russia and Ukraine) List 2014 (Cth); Autonomous Sanctions (Import Sanctioned Goods Russia) Designation 2022 (Cth); Autonomous Sanctions (Export Sanctioned Goods Russia) Designation 2022 (Cth). The Russian Government has also imposed sanctions on Australian military personnel, journalists, academics and business officials accused of furthering Australia's 'anti-Russia policy line': Ministry of Foreign Affairs of the Russian Federation, Foreign Ministry Statement. 2 Department of Foreign Affairs and Trade, Australia and Sanctions. Except where otherwise noted, content in this journal is licensed under a Creative Commons Attribution 4.0 International Licence. As an open access journal, articles are free to use with proper attribution. ISSN: 2652-4074 (Online) 165 © The Author/s 2023