On June 18, 2024, Baker McKenzie, in partnership with the International Compliance Professionals Association, hosted a virtual fireside chat with Lawrence Scheinert, the Associate Director for Compliance and Enforcement at the Office of Foreign Assets Control (“OFAC”) in the US Treasury Department. The webinar attracted 1640 registrations from across industry, with participants raising a wide variety of questions. In the discussion with Baker McKenzie partners, led by Julia Webster (Toronto) with questions from Janet Kim…
On June 21, 2024, Canada announced further amendments to the Special Economic Measures (Haiti) Regulations (the “Regulations”). These amendments list an additional 3 individuals under Schedule 1 of the Regulations. The amendments took effect on June 20, 2024. The Schedule 1 sanctions target individuals that Canada has identified as gang leaders whom have undermined the peace, security and stability of Haiti and that have contributed to acts of gross and systematic human rights violations. The…
On June 18, 2024, Canada announced further amendments to the Special Economic Measures (Russia) Regulations (the “Regulations”). These amendments list an additional 13 individuals under Schedule 1 of the Regulations and took effect on June 13, 2024. Theses sanctions are imposed in relation to the February 16, 2024 death of imprisoned Russian opposition leader Alexei Navalny and Russia’s continued systematic violations of human rights. The 13 additional sanctioned individuals are senior officials and high-ranking employees…
On June 13, 2024, Canada announced further amendments to the Special Economic Measures (Russia) Regulations (the “Regulations”). These amendments list an additional 12 individuals and 16 entities under Schedule 1 of the Regulations and place export prohibitions on an additional 5 categories of goods under Schedule 7 of the Regulations. The amendments took effect on June 12, 2024. The Schedule 1 sanctions target individuals and entities implicated in disinformation and propaganda operations regarding Russia’s illegal…