Foreign Affairs and International Trade Canada - Canadian Economic Sanctions
Canada implements other UN Security Council sanctions under the authority of regulations made under the United Nations Act. These regulations impose various economic and other sanctions against individuals and entities in a number of countries. Federally regulated financial institutions should ensure they are aware of these regulations and have the necessary policies and procedures in place to implement the measures that apply to them. OSFI will not be monitoring changes to the list of designated persons nor issuing reminders. Therefore, financial institutions should ensure that they have procedures in place to determine whether the Department of Foreign Affairs and International Trade makes any changes to the list of designated persons.