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Sanctions Targeting Syria

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On April 20, 2017, one week after the last amendments, the Government of Canada has further amended its sanctions against Syria, which are contained in the Special Economic Measures (Syria) Regulations (the “Regulations”) made pursuant to the Special Economic Measures Act. The amendments add 17 individuals and five entities to the list of designated persons in Schedule 1 of the Regulations.  According to a Government of Canada press release, the newly listed individuals are all high-ranking individuals in…

On April 13, 2017, the Government of Canada further amended its sanctions against Syria, which are contained in the Special Economic Measures (Syria) Regulations (the “Regulations”) made pursuant to the Special Economic Measures Act. Under the Regulations, persons in Canada and Canadians outside Canada are subject to a number of prohibitions on dealings with designated persons as well as disclosure requirements with regard to certain property or information related to designated persons. The amendments add 27 additional…

The Office of Financial Sanctions Implementation (OFSI) has recently announced that it is consulting on its draft guidance on the process for imposing monetary penalties for breaches of financial sanctions. The guidance relates to the new civil powers in the Policing and Crime Bill (the “Bill”), The Bill, which is currently going through Parliament, will change the legal framework for enforcing the financial sanctions regulations. In particular, it will create a monetary penalty regime, enabling…

Further to our blog post setting out the Council of the EU’s decision to extend restrictive measures against Syria until 1 June 2017, the relevant implementing legislation has been published in the Official Journal of the European Union (Council Implementing Regulation (EU) 2016/840 of 27 May 2016 (the “Regulation“) and Council Decision (CFSP) 2016/850 of 27 May 2016 (the “Decision“)). The Regulation and Decision enter into force tomorrow (29 May 2016).