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ARTICLE · 10 JUNE 2013

Canada Introduces Extensive New Sanctions On Iran

Dentons Canada LLP
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A brief overview of the new measures, which are set out in detail by the Department of Foreign Affairs and International Trade.

CanadaInternational Law
James Wishart
James Wishart
Jaime Seidner
Jaime Seidner
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On May 29, 2013, in response to a stated concern over Iran's nuclear program, the Government of Canada significantly expanded its unilateral sanctions against Iran under the Special Economic Measures Act ("SEMA") by amending the existing Special Economic Measures (Iran) Regulations (the "Regulations"). Subject to certain narrow exemptions, Canada effectively implemented a general ban on all exports to and imports from Iran. This is a significant departure from Canada's existing sector specific sanctions regime, which primarily targeted Iran's energy industry, financial sector, and its military and nuclear activities.

This alert provides a brief overview of the new measures, which are set out in detail by the Department of Foreign Affairs and International Trade here. These new sanctions should be carefully reviewed and incorporated into the export and import compliance and screening procedures of Canadian companies doing business not just in and around Iran, but also

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