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ARTICLE · 10 FEBRUARY 2015

Key Developments In Economic Sanctions And Export Controls And What To Watch For In 2015

McCarthy Tétrault
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In recent years, Canada has significantly expanded its multilateral and unilateral trade control measures.

GlobalInternational Law
John Boscariol
John Boscariol
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In recent years, Canada has significantly expanded its multilateral and unilateral trade control measures. Broader scope and increased enforcement in the areas of economic sanctions, export and technology transfer controls, and defence trade controls have raised the stakes for Canadians engaged in cross-border activities. Enforcement and reputational risk is higher than ever and it is critical for any Canadian company doing business abroad to ensure it has internal controls in place to mitigate the growing risk exposure.

During 2014, developments in Russia, the Ukraine and Middle East brought into focus the sanctions risk exposure of Canadian companies regardless of where they do business. In addition, new developments in export and technology transfer controls as well as defence trade controls highlight the importance of keeping apprised of these evolving rules. The following summarizes the most significant of these developments and what they mean for trade control

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