On June 21, 2019, the Government of Canada announced that it was implementing/imposing economic sanctions against nine Nicaraguan officials in response to ongoing gross and systematic human rights violations by the Government of Nicaragua. The economic sanctions and trade restrictions were imposed under the Special Economic Measures Act. Similar sanctions were imposed by the
Canada Has Many Export Controls/ Economic Sanctions Lists
Canada
Canada has made many lists and you may have to look at more than one list before exporting goods. Which lists you must look at depends upon the destination country, the identity of buyer (including related parties), what specifically you are selling to your buyer (the good and its component parts), and the industry
Canada Lists Names: Canada Publishes 3 Magnitsky Sanctions Lists
On November 3, 2017, Canada announced sanctions and published three lists of names under the Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law) (a.k.a Canada’s Magnitsky Act) imposing sanctions against 52 individuals from Russian, Venezuela and South Sudan. The Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law) received
Canada Publishes A Consolidated SEMA Sanctions List
Canada
On October 12, 2017, Global Affairs Canada published a Consolidated Special Economic Measures Act Sanctions List. Before today, Canadian companies had to review each regulation promulgated under the Special Economic Measures Act when conducting due diligence. However, and this is important, the Global Affairs Consolidated Special Economic Measures Act Sanctions List does not
How To Start A Trade Compliance Program? Who, What, When, Where, How Questions To Ask
Canada
The trade landscape is changing for many Canadian companies. Canada is involved in the renegotiation of NAFTA. The Canada-Ukraine Free Trade Agreement comes into effect on August 1, 2017. The Canada-EU CETA enters into provisional effect on September 21, 2017. The Government of Canada is updating export controls and economic sanctions laws and Global
Canada’s Cabinet Can Impose Unilateral Economic Sanctions Against Venezuela Without Parliament Vote
Canada
On July 26, 2017, Canada’s Minister of Foreign Affairs issued a Statement “Canada Calls on Venezuela to cancel Constituent Authority“. The Statement contains two interesting sentences:
“Furthermore, Canada welcomes and supports the important actions taken today by the United States to target leaders of the regime. Individuals who are undermining democracy and
Canada’s Standing Committee on Foreign Affairs And International Development Makes 13 Economic Sanctions Recommendations
Canada
In 2016 and early 2017, Canada’s Standing Committee on Foreign Affairs and International Development (FAAE) reviewed Canada’s Special Economic Measures Act (“SEMA”) and the Freezing Assets of Corrupt Foreign Officials Act. The SEMA was encted to authorize the Governor in Council (Cabinet) to promulgate unilateral economic sanctions against states, as well as individuals
Ten Compliance Problems Canadian Companies Face In Complying With Canada’s Economic Sanctions Laws
Canadian companies are required to comply with Canada’s economic sanctions laws – and it is not an easy task. Currently, Canada imposes multi-lateral economic sanctions pursuant to the United Nations Act against 16 countries (Central African Republic, Democratic Republic of Congo, Eritrea, Ivory Coast, Iran, Iraq, Lebanon, Liberia, Libya, North Korea, Sierra Leone, Somalia, South
Canada’s Economic Sanctions Against Iran Pose Difficulties For Some Canadian Companies
Canada
Canada continues to impose unilateral economic sanctions against Iran. Most Canadian companies believe that the economic sanctions do not impact their business activities. However, when I ask “Do the goods you wish to export to Iran include aluminum, stainless steel or silver?”, I see shocked faces. The reason why this question is important is
Review of the Special Economic Measures Act Is Going To Be Undertaken By HOC Committee
On June 8, 2016, Canada’s House of Commons Standing Committee on Foreign Affairs and International Development announced that it would be undertaking a review of the Special Economic Measures Act and the Freezing of Assets of Corrupt Foreign Public Officials Act. The announcement did not receive much press at the time. The announcement states: