On March 24, Canada amended its sanctions measures imposed on Myanmar by designating an additional 4 individuals and 2 entities. The Canadian Government indicated that these new sanctions are intended to target arms flows, individuals and entities who procure and supply arms and military equipment to Myanmar. These new measures were developed in coordination with the United Kingdom and United States.
Generally speaking, a designation under these regulations imposes an asset freeze and dealings prohibition, subject to limited exceptions, which prohibits any person in Canada or any Canadian outside Canada to:
- deal in any property, wherever situated, that is owned, held or controlled by or on behalf of a designated person;
- enter into or facilitate any transaction related to a dealing referred to above;
- provide any financial or related services in respect of a dealing referred to above;
- make available any goods, wherever situated, to a designated person or a person acting on behalf of a designated person; or
- provide any financial or related service to or for the benefit of a designated person.
An unofficial copy of the legislative amendments to the Special Economic Measures (Burma) Regulations that came into effect on March 24th are available on Global Affairs’ website at here.
