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ARTICLE · 17 APRIL 2011

Update on Canadian Sanctions Laws

Blake, Cassels & Graydon LLP
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On March 23, 2011, the "Freezing Assets of Corrupt Foreign Officials Act" received Royal Assent and came into force in Canada. The same day, the Governor-in-Council promulgated regulations under the new legislation in respect of the assets of certain individuals connected to Tunisia and Egypt.

CanadaInternational Law
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Jacqueline Shinfield
Jacqueline Shinfield
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Copyright 2011, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Financial Services Regulatory/International Trade & Investment/White Collar Crime, April 2011

On March 23, 2011, the Freezing Assets of Corrupt Foreign Officials Act received Royal Assent and came into force in Canada. The same day, the Governor-in-Council promulgated regulations under the new legislation in respect of the assets of certain individuals connected to Tunisia and Egypt. This new legislation serves as a reminder that all persons (including individuals and legal entities) in Canada and all Canadians wherever situated (including individuals and corporations incorporated or continued under the laws of Canada or a province) should be aware of Canadian sanctions legislation.

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