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ARTICLE · 28 MARCH 2022

G7 Financial Intelligence Units Cooperate On Sanctions On Russia

Stikeman Elliott LLP
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FINTRAC has entered into a statement of intent with the financial intelligence units of the other G7 members, as well as those of Australia, New Zealand and the Netherlands.

CanadaInternational Law
Shawn C.D. Neylan
Shawn C.D. Neylan
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In the latest sanctions-related developments, Canada's FINTRAC has agreed to work with other financial intelligence units in relation to sanctions and related anti-money laundering, while Canada has also imposed an additional set of sanctions on Belarusians. These restrictions are in addition to those already imposed in relation to Russia, Belarus and Ukraine under the Special Economic Measures Act as described in our blog posts of  February 25,  March 3,  March 4  and  March 15.

Financial Intelligence Units to Focus on Sanctions Violations and Related AML Concerns

FINTRAC has entered into a statement of intent with the financial intelligence units of the other G7 members, as well as those of Australia, New Zealand and the Netherlands. The statement shows that there is agreed intent to enhance financial intelligence on sanction-related matters and associated financial flows and economic activities. This is likely to assist law enforcement authorities in these

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