Canada amends its Iran sanctions

On February 5, 2016, Global Affairs Canada announced changes to Canada’s economic sanctions against Iran under the Special Economic Measures Act and the United Nations Act and signalled Canada’s willingness to resume dialogue with Iran.

The announcement said Canada welcomed the January 16, 2016, confirmation by the International Atomic Energy Agency that Iran had fulfilled all necessary commitments under the Joint Comprehensive Plan of Action (JCPOA). Canada has therefore amended its broad-reaching autonomous sanctions against Iran to allow for a controlled economic re-engagement, including lifting the broad ban on financial services, imports and exports. Canada has also updated its regulations under the United Nations Act in order to conform with the changes to the United Nations sanctions regime mandated by the UN Security Council.

• Exports of items listed on the Export Control List to Iran – SER 196 (Fe. 5, 2016)
• 
  Regulations Amending the Special Economic Measures (Iran) Regulations
  (SOR/2016-15) (unofficial version, Entered into force on Feb. 5, 2016)
• 
  Regulations Amending the Regulations Implementing the United Nations Resolutions on Iran
  (SOR/2016-14) (unofficial version; entered into force Feb. 5, 2016)

For additional information, please contact Paul Burns or Brian Cacic of our Toronto office.  Please check our Sanctions blog for updates.