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 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
What Should You Do When Canada Releases A New List of Persons Subject to Economic Sanctions and Asset Freezes?
Canada
On September 22, 2017, Canada did something it has not done in a while – Canada imposed unilateral economic sanctions and asset freezes against 40 officials in the Venezuelan Maduro regime. A new list of designated persons (Canada’s term for sanctioned persons) was publicly releases – the persons against whom the unilateral economic sanctions,
Why Should You Know About Canada’s Export Controls and Economic Sanctions Laws?
I am often asked why export controls and economic sanctions are important. The simple answer is that if you export a controlled good or export goods to a sanctioned country, your company could become front page news. If that should happen because your company manufactured and sold goods that are used to kill a Canadian
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:
Canadian Companies Should Not Be Duped By North Korea, Which Is Subject To Strict Trade Sanctions
Canada
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
Canada’s Level Of Activity In The Area Of Export Controls and Economic Sanctions May Surprise You
Canada
Looking back over the last 12 months, the level of activity in the area of export controls, economic sanctions and trade restrictions in Canada is somewhat surprising. Canada is usually rather quiet and there is not a lot to report. The last 12 months are different and we are seeing activity at Global Affairs,
Questions Are Being Asked About The Application of Canada’s Trade Restrictions to Sales By Streit Group
Is there a Canadian-owned company with manufacturing operations in the United Arab Emirates that is selling to sanctioned destinations goods that would be on Canada’s Export Control List if they were manufactured in Canada? It appears that the answer is “Yes”. Does the Canadian Government believe that the sales are legal under Canada’s current economic
Canada Stops Illegal Exportation of Gun Parts to Iraq
On May 31, 2016, the Canada Border Services Agency (CBSA) issued a press release that it had intercepted an illegal export of gun parts at Toronto Pearson International Airport. The gun parts were destined for Iraq. Exports of certain arms and related material to Iraq are prohibited under the United Nations Act and the United