The Department of Foreign Affairs and Trade (DFAT) is an Australian government agency responsible for managing the country's foreign relations and trade policies. Within the context of financial crime compliance, DFAT plays a critical role in implementing and enforcing economic sanctions, export controls, and anti-money laundering (AML) measures. 

DFAT oversees the development of Australia’s sanctions regimes, which are designed to respond to threats to national security, support international peacekeeping efforts, and promote human rights. By issuing guidance and updates on sanctions, DFAT helps financial institutions and businesses comply with regulations that prevent illicit financial activities. Organizations must stay informed about DFAT’s sanctions lists and regulations to ensure they are not inadvertently engaging with sanctioned entities. Overall, DFAT’s work is vital for maintaining Australia’s international commitments and protecting the integrity of its financial system from misuse.