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ARTICLE · 12 MAY 2009

Canadian Sanctions Legislation – How It Impacts Your Business

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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The recent publication of a list of individuals and entities designated under Regulations Implementing the United Nations Resolution on the Democratic People’s Republic of Korea serves as a reminder that all persons (including individual and entities) in Canada and all Canadians wherever situated (including corporations incorporated or continued under the laws of Canada or a province) should be aware of Canadian sanctions legislation.

CanadaFinance and Banking
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Jacqueline Shinfield
Jacqueline Shinfield
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Copyright 2009, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Financial Services/International Trade & Investment, May 2009

The recent publication of a list of individuals and entities designated under Regulations Implementing the United Nations Resolution on the Democratic People's Republic of Korea serves as a reminder that all persons (including individual and entities) in Canada and all Canadians wherever situated (including corporations incorporated or continued under the laws of Canada or a province) should be aware of Canadian sanctions legislation.

WHAT IS SANCTIONS LEGISLATION?

Canada has enacted legislation that implements economic and other sanctions intended to apply pressure on a country, group or individual to comply with international objectives relating to peace and security (Canadian Sanctions Legislation). These sanctions comprise a wide variety of measures, from travel bans to the imposition of legal restrictions

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