On December 17, 2024, the Government of Canada announced further amendments to the Special Economic Measures (Venezuela) Regulations (the “Regulations”). These amendments expand the authority of the Government of Canada to list persons who have engaged in certain activities and list an additional five individuals under the Schedule 1 of the Regulations. The expanded authority includes the following activities: The five newly designated individuals are current or former senior Venezuelan officials alleged to have involvement…
On December 10, 2024, the Government of Canada announced further amendments to the Special Economic Measures (People’s Republic of China) Regulations (the “Regulations”). These amendments list an additional eight individuals under the Schedule 1 of the Regulations. The eight newly designated individuals are current or former senior Chinese officials. Canada announced these sanctions in response to the Chinese government-led repression of ethnic and religious minorities in China. Since 2021, Canada has imposed sanctions on Chinese…
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…