Canada Imposes Financial Sanctions to Combat Corruption and Terrorism

The Canadian government has taken decisive action by implementing financial sanctions against several countries and individuals under various acts. These measures aim to curb corruption, terrorism, and human rights violations.

Countries Subject to Sanctions

As of now, Canada has imposed sanctions on 24 countries, including:

Belarus
Central African Republic
China
Democratic People’s Republic of Korea
Democratic Republic of the Congo
Guatemala
Haiti
Iran
Iraq
Lebanon
Libya
Moldova
Myanmar
Nicaragua
Russia
Somalia
South Sudan
Sri Lanka
Sudan
Syria
Ukraine
Venezuela
Yemen
Zimbabwe

Individuals Subject to Sanctions

In addition to country-specific sanctions, Canada has also imposed measures against certain individuals under the Justice for Victims of Corrupt Foreign Officials Act. These sanctions target corrupt foreign officials who have stolen public funds or engaged in other illegal activities.

Economic Measures Against Extremist Settler Violence

The Canadian government has also implemented economic measures against individuals involved in extremist settler violence in the West Bank, Gaza, and East Jerusalem.

Repealed Sanctions Regimes

It’s worth noting that several sanctions regimes previously imposed by Canada have been repealed, including those brought into force since 1992 for:

Côte d’Ivoire
Eritrea
Liberia
Mali
Rwanda
Sierra Leone
Yugoslavia

Purpose of Financial Sanctions

These financial sanctions are a key tool in Canada’s efforts to promote peace, stability, and human rights around the world. By imposing economic penalties on countries or individuals that engage in corrupt or illegal activities, the Canadian government aims to:

Deter such behavior
Support international efforts to combat corruption and terrorism