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CANADA HAS IMPLEMENTED MORE SANCTIONS AGAINST IRAN!!
FROM A
DIFFERENT POINT OF VIEW by Monte Friesner>
Financial Crime Consultant for WANTED SA>
Sunday October 24, 2010 >
New Canadian Sanctions against Iran Published!
WANTED SA has been informed that Canada has released its new Iran sanctions. They include the designation of 279 entities and 42 individuals in the extensive Special Economic Measures (Iran) Act and Regulations.*
It is strongly suggested that Canadian Compliance Officers access the outstanding resources and hyperlinks appearing on the website of the Department of Foreign Affairs and International Trade,** to review the complete text of the sanctions.
Please note that the sanctions prohibit:
- Correspondent banking with Iranian banking institutions.
- Providing or acquiring financial services to allow any Iranian financial institution to be established in Canada.
- Or any firm indirectly conducting business with Iran knowingly.
*http://international.gc.ca/sanctions/assets/pdfs/sor-2010-165-e.pdf
The facts and opinions stated in this article are those of the author and not those of WANTED SA. WANTED SA does not warrant the accuracy of any facts and opinions stated in this article; does not endorse them, and accepts no responsibility for them.
