Hugh Jones

Oct 3, 2024 | mondaq.com | Hugh Jones |Stéphanie Desjardins

In an effort to combat sanctions evasion, on August 19, 2024, recent amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act("PCMLTFA") and its regulations came into force, expanding the reporting obligations for "reporting entities" The recent amendments include a newly created "sanctions evasion offense" under the PCMLTFA, which is defined as: an offence arising from the contravention of a restriction or prohibition established by an order or regulation made under...

Oct 3, 2024 | mondaq.com | Hugh Jones |Stéphanie Desjardins |Daniel Hohnstein

On August 26, 2024, Canada announced that it will be implementing a 100% surtax on all imports of "Chinese-made EVs" and a 25% surtax on imports of certain steel and aluminum products from China. Canada has explained that its rationale for these measures is "to level the playing field for Canadian workers and allow Canada's EV industry and steel and aluminum producers to compete in domestic, North American, and global markets".

Aug 22, 2024 | lexology.com | Hugh Jones |Stéphanie Desjardins

In an effort to combat sanctions evasion, on August 19, 2024, recent amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (“PCMLTFA”) and its regulations came into force, expanding the reporting obligations for “reporting entities” The recent amendments include a newly created “sanctions evasion offense” under the PCMLTFA, which is defined as: an offence arising from the contravention of a restriction or prohibition established by an order or regulation made...

Jul 24, 2023 | mondaq.com | Stéphanie Desjardins |Hugh Jones

On July 20, 2023, Canada announced new sanctions under the Special Economic Measures (Russia) Regulations (the "Russia Regulations") targeting individuals and entities associated with Russia's "military industrial complex" and Russian efforts to "Russify Ukraine's culture". The amendments also create additional prohibitions associated with "arms and related material" under section 3.13 of the Russia Regulations.