Countries, such as North Korea, Iran and Russia, may attempt to hide activities by using cryptocurrencies (such as Bitcoin). While the underlying activity of selling controlled goods or dealing with designated persons is illegal (under Canadian export laws) without an export permit/ministerial authorization, a secondary issue is enforcement. Enforcement tools directed at “following the
In 2017, the United Nations Security Council imposes 3 new rounds of economic sanctions against North Korea (Resolution 2397 (2017) on December 22, 2017, Resolution 2375 (2017) on September 11, 2017, and Resolution 2371 (2017) on August 5, 2017). However, Canada has not amended existing regulations under the United Nations Act against North
On September 21, 2017, President Trump issued an Executive Order (yet to be numbered) (“EO”) imposing additional sanctions on North Korea. It took affect the next day. The general press has quoted Treasury Secretary Mnuchin as stating: “Foreign financial institutions are now on notice that going forward they can choose to do business with the
On September 24, 2017, President Trump issued “Presidential Proclamation Enhancing Vetting Capabilities and Processes for Detecting Attempted Entry Into the United States by Terrorists or Other Public-Safety Threats” (the Presidential Proclamation”) which should make Canadian dual-nationals and Canadian permanent residents from Venezuela, Chad (and North Korea, if any) with NEXUS cards nervous. Venezuela, Chad
Yesterday, August 2, 2017, President Trump signed into law H.R. 3364, the “Countering America’s Adversaries Through Sanctions Act”. The general press is covering this story by writing about Russia’s initial retaliation taking the form of cutting the staff authorized at the U.S. embassy in Moscow and the seizure of certain U.S. diplomatic property within Russia.
North Korea just launched an intercontinental ballistic missile and Canada has unreservedly condemned this action. It is time for Canadian exporters to review the rules about exporting goods to North Korea – to not take a moment to do so may be regretted. First, North Korea is on Canada’s Area Control List. The
Canada imposes various economic sanctions and trade restrictions pursuant to the United Nations Act (“UNA”) and the Special Economic Measures Act (“SEMA”). The specific sanctions are implemented in country specific or targeted regulations. That being said, most regulations promulgated under SEMA have a sister regulation that grants authority to the Minister of Foreign Affairs and/or
Canadian companies must be careful to not inadvertently breach Canada’s very strict sanctions against North Korea. Most Canadian companies know that almost all dealings with North Korea are either not permitted or that an export permit or ministerial authorization is required. That is why it comes as quite a shock to learn that not
On March 2, 2016, Foreign Affairs Minister Dion made the following statement:
“Canada supports imposing additional sanctions on North Korea, in accordance with Resolution 2270, adopted today by the United Nations Security Council. The Government of Canada will take further steps, as necessary, to implement the new elements of