In an effort to combat sanctions evasion, on August 19, 2024, recent amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (“PCMLTFA”) and its regulations came into force, expanding the reporting obligations for “reporting entities” The recent amendments include a newly created “sanctions evasion offense” under the PCMLTFA, which is defined as:… Continue reading Changes to Canada’s Sanctions Enforcement Regime
On June 21, 2024, Canada announced additional sanctions under the Special Economic Measures (Haiti) Regulations (the “Haiti Regulations”). Canada has sanctioned three “Haitian gang leaders” to address “the escalating gang violence in Haiti, which continues to have devastating effects on the Haitian population”. Canada has stated it has reason to believe that the listed individuals “have… Continue reading Canada Sanctions “Haitian Gang Leaders”
Canada has announced further amendments to the Special Economic Measures (Russia) Regulations (the “Regulations”). The first round of sanctions and additional export prohibitions were announced on June 13, 2024, effective June 12, 2024. The second round of sanctions was announced on June 18, 2024, effective June 13, 2024. The first round of sanctions adds 11… Continue reading Canada Issues Further Sanctions and Export Prohibitions Targeting Russia
Global Affairs Canada (“GAC”) has provided four new responses to “Frequently Asked Questions” concerning the application of the economic sanctions under the Special Economic Measures Act, S.C. 1992, c. 17 (the “SEMA”) and its associated regulations, as well as the Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law), S.C. 2017, c. 21… Continue reading New Guidance From GAC Regarding Canadian Sanctions
Canada has enacted new sanctions regulations against Guatemala under the Special Economic Measures Act, effective retroactively on February 16, 2024. The new Special Economic Measures (Guatemala) Regulations (the “Guatemala Regulations”), are intended to “support Canada’s ongoing efforts to support the democratically-elected Arévalo government and the people of Guatemala in their fight to strengthen democracy and… Continue reading Acts of Corruption in Guatemala Push Canada to Enact New…
Canada announced an additional round of sanctions under the Special Economic Measures (Russia) Regulations, SOR/2014-58 (the “Russia Regulations”) on December 12, 2023, effective retroactively as of December 8, 2023. This new round of sanctions adds 30 Russian nationals to Part 1 of Schedule 1 of the Russia Regulations. According to the news release from Global… Continue reading Additional Sanctions and Prohibitions Included in Latest Amendments to the…
Canada has announced a new round of sanctions under the Special Economic Measures (Moldova) Regulations, SOR/2023-109 (the “Moldova Regulations”) targeting alleged “Russian collaborators”. These new sanctions target nine individuals believed by Canada to be associated with “influential oligarchs”, as well as six television stations that are alleged to “promote and disseminate Russian disinformation”. These sanctions… Continue reading Moldova Subject to Additional Round of Canadian Sanctions
On September 21, 2023, Canada announced further sanctions under the Special Economic Measures (Haiti) Regulations (the “Haiti Regulations”). Canada has sanctioned three elite businessmen, “who are fueling the violence and instability in Haiti by engaging in significant acts of corruption”. Specifically, Canada finds that these individuals have fostered a “climate of impunity” in Haiti, by… Continue reading Members of the “Haitian Economic Elite” Sanctioned by Canada
On September 15, 2023, Canada released new sanctions under Schedule 1 of the Special Economic Measures (Iran) Regulations (the “Iranian Regulations”). The sanctions target six individuals for what Canada has identified as involvement in activities that constitute gross and systemic human rights violations. Canada states that those targeted are connected to Iran’s Supreme Council for… Continue reading Canada Issues New Sanctions Against Iran
On August 22, 2023, the Government of Canada released new sanctions under Schedule 1 of the Special Economic Measures (Russia) Regulations (the “Russian Regulations”). The sanctions target four individuals and 29 entities connected to Russia’s military-industrial complex, financial institutions, and nuclear sector. These newly targeted individuals include persons identified by Canada to be involved in… Continue reading Russian Military, Financial and Nuclear Sectors Sanctioned by Canada
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