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The Office of Financial Sanctions Implementation (OFSI) has recently announced that it is consulting on its draft guidance on the process for imposing monetary penalties for breaches of financial sanctions.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).
The Council of the EU (the “Council“) today extended restrictive measures against Syria until 1 June 2017 in line with their conclusions of December 2014 in which it was affirmed that the EU would continue to impose and enforce sanctions for as long as the regime’s repression continued. The EU implementing legislation is likely to be published in tomorrow’s edition of the Official Journal of the European Union.