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ARTICLE · 28 MAY 2019

A Primer On Canadian Sanctions Legislation - May 13, 2019

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Canada, like other major jurisdictions, has a broad range of economic and financial sanctions targeting foreign states and their nationals, as well as various terrorist organizations.

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Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Roy Millen
Roy Millen
Ora Morison
Ora Morison
Vladimir Shatiryan
Vladimir Shatiryan
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Canada, like other major jurisdictions, has a broad range of economic and financial sanctions targeting foreign states and their nationals, as well as various terrorist organizations.

Given that Canada is in many ways a trading nation, and many Canadian businesses have ties elsewhere, sanctions laws have a significant impact not only on the target countries but also on Canadian businesses. Although there is a great deal of harmonization between Canadian sanctions laws and those of Canada's international partners (such as the United States and the European Union), there are also major differences. Compliance with the complex net of sanctions laws is, therefore, an integral aspect of managing reputational, legal and regulatory risks of every business, and must be addressed in the context of every economic undertaking.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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