On June 27, 2024, Canada announced the addition of seven individuals and five entities to the Special Economic Measures (Extremist Settler Violence) Regulations (the “Regulations”). The amended Regulations entered into force on June 24, 2024.

The amended Regulations impose a dealings prohibition against the individuals and entities listed, effectively freezing any assets they hold in Canada. Specifically, the Regulations prohibit any person in Canada and any Canadian outside Canada from:

  • dealing in any property, wherever situated, that is owned — or that is held or controlled, directly or indirectly — by a designated person;
  • entering into or facilitating any transaction related to a dealing in a designated person’s property;
  • providing any financial or related services in respect of a dealing in a designated person’s property;
  • making available any goods, wherever situated, to a listed person or to a person acting on behalf of a designated person;
  • transferring or providing any property other than goods to a listed person or to a person outside Canada who is not Canadian for the benefit of a designated person; or
  • providing any financial or related services to or for the benefit of a designated person.

Individuals listed are also rendered inadmissible to Canada under the Immigration and Refugee Protection Act. An unofficial copy of the legislative amendments to the Special Economic Measures (Extremist Settler Violence) Regulations that came into effect on June 27, 2024 is available on Global Affairs Canada’s website here.

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Julia Webster is a disputes and international trade lawyer. She advises companies on trade remedies, free trade agreements, blocking measures, customs compliance, anti-corruption laws, economic sanctions, AML compliance, supply chain ethics, and cross-border M&A.

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