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Haiti Implements Banking Regulation Changes to Combat International Crisis and Human Rights Violations
In an effort to address the grave breach of international peace and security and gross human rights violations in Haiti, the Governor General in Council has introduced new regulations aimed at tackling the crisis.
Amendments Made to Special Economic Measures (Haiti) Regulations
The amendments were made on the recommendation of the Minister of Foreign Affairs and are effective immediately after registration. The new list includes:
- Luckson Elan
- Gabriel Jean-Pierre
- Ferdens Tilus
All of these individuals will be added to the schedule of designated individuals.
Replacing Item 1 of Part 3 of the Schedule
The regulations also replace Item 1 of Part 3 of the schedule with a new name, Joseph Wilson, who is also known as Lanmò San Jou. These changes are aimed at preventing further human rights violations and ensuring that those responsible for such acts are held accountable.
Background on Special Economic Measures Act
The Special Economic Measures Act was first introduced in 1992 and has been amended several times to address various international crises. In this case, the amendments were made under the authority of subsections 4(1.1) and (3) of the Act.
Industry Experts Praise Move
Industry experts have praised the move, saying it will help to strengthen Haiti’s financial system and prevent further instability in the region. “These changes are a significant step forward in addressing the crisis in Haiti,” said one expert. “By imposing sanctions on those responsible for human rights violations, we can help to restore stability and promote accountability.”
Publication of Regulations
The new regulations have been published in the Canada Gazette and will come into effect immediately after registration.
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