Justice for Victims of Corrupt Foreign Officials Act

Canada has implemented targeted sanctions under the Justice for Victims of Corrupt Foreign Officials Act (JVCFOA) against 17 Saudi nationals linked to the murder of Jamal Khashoggi. These sanctions effectively freeze the assets of these individuals in Canada. The JVCFOA requires federally regulated financial institutions to report monthly to their principal regulatory agency or body whether or not they are in possession or control of any property that they have reason to believe is the property of a foreign national subject to an order or regulation.