Canada imposes sanctions on the Bank of Moscow and bans CEO of Bank of Russia in new sanctions

Tweet Sanctions likely to seriously impede Canadian-Russian financial transactions and therefore significant trade By Christine Duhaime, B.A., J.D., Financial Crime and Certified Anti-Money Laundering Specialist Follow @cduhaime The Canadian government has announced the imposition of sanctions against the Bank of Moscow, the Russian National Commercial Bank and other Russian and Ukrainian-controlled businesses and financial institutions, as […]

Canada makes its first corporate prosecution for economic sanctions violations

Tweet Although Canadian economic sanctions have been in place for years, until now Canada has never prosecuted any company for sanctions violations. That changed earlier this month when Lee Specialities Ltd., a Calgary based company, was charged with violating Canadian (and UN) economic sanctions by exporting goods to Iran that could be used for nuclear devices. […]

Canada imposes additional sanctions on Iran essentially prohibiting all transactions

Tweet New Sanctions Against Iran The government of Canada today announced the imposition of new sanctions against Iran as a result of the lack of progress with the reduction of Iran’s nuclear program. Effective today, Canada banned all exports from and imports to Iran, and added more entities and individuals to the list of designated […]