On October 29, 2024, the Government of Canada announced further amendments to the Special Economic Measures (Burma) Regulations (the “Regulations”). These amendments list an additional three individuals and four entities in Schedule I of the Regulations. These sanctions are in coordination with the United Kingdom and the European Union and is the Government of Canada’s response to the ongoing and increasing aerial attacks by the Myanmar military. The individuals and entities are targeted for supplying…
As we wrap up our series about sanctions investigations with this post, our Global Sanctions Investigation Group has blogged about key issues that companies should keep in mind as they tackle global sanctions investigations that are inherently high-risk matters. But do you need to passively wait around for the sanctions enforcement storm to batter your company and its trade compliance team? The simple answer is a resounding no. Companies worried about sanctions compliance and potential…
On September 18, 2024, Canada announced several rounds of additional sanctions, amending the Special Economic Measures (Iran) Regulations(the āIran Regulationsā), theĀ Special Economic Measures (Hamas Terrorist Attacks) Regulations (the āHamas Regulationsā), and the Special Economic Measures (Extremist Settler Violence) Regulations (the āExtremist Settler Violence Regulationsā). Ā Additional Sanctions Against Iran These amendments list an additional five individuals in Schedule 1 of the Iran Regulations citing the rapid growth of Iranās repressive measures against women and its…
The Government of Canada has established additional avenues to administer and enforce Canadian sanctions laws. Specifically, the Government is relying on the existing legislative framework under the Proceeds of Crime, Money Laundering, and Terrorist Financing Act (PCMLTFA) and its administrative agency, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) alongside the Canada Border Services Agency (CBSA) to establish a sanctions civil enforcement regime in the form of mandatory reporting on suspected sanctions evasion…