The Government of Canada has established additional avenues to administer and enforce Canadian sanctions laws. Specifically, the Government is relying on the existing legislative framework under the Proceeds of Crime, Money Laundering, and Terrorist Financing Act (PCMLTFA) and its administrative agency, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) alongside the Canada Border Services Agency (CBSA) to establish a sanctions civil enforcement regime in the form of mandatory reporting on suspected sanctions evasion…
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…
On June 24, 2024, Canada announced that nine individuals and two entities were added to the Special Economic Measures (Hamas Terrorist Attacks) Regulations (the “Regulations”), created in response to the attacks by Hamas in Israel beginning on October 7, 2023. The amended Regulations entered into force on June 24, 2024. The sanctions target individuals and entities with roles in Hamas’ financial network. Each named party has participated directly or indirectly in facilitating, supporting, and providing…
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…