Freezing Assets of Corrupt Foreign Officials (Tunisia) Regulations (SOR/2011-78)
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Regulations are current to 2024-11-26 and last amended on 2016-03-11. Previous Versions
Freezing Assets of Corrupt Foreign Officials (Tunisia) Regulations
SOR/2011-78
FREEZING ASSETS OF CORRUPT FOREIGN OFFICIALS ACT
Registration 2011-03-23
Freezing Assets of Corrupt Foreign Officials (Tunisia) Regulations
P.C. 2011-427 2011-03-23
Whereas Tunisia and Egypt have asserted to the Government of Canada, in writing, that each of the persons listed in the annexed Freezing Assets of Corrupt Foreign Officials (Tunisia and Egypt) Regulations have misappropriated property of Tunisia or of Egypt, as the case may be, or have acquired property inappropriately by virtue of their office or a personal or business relationship and have asked the Government of Canada to freeze the property of those persons;
Whereas the Governor in Council is satisfied that each of those persons are politically exposed foreign persons in relation to Tunisia or Egypt, as the case may be;
Whereas the Governor in Council is satisfied that there is internal turmoil or an uncertain political situation in Tunisia and Egypt;
And whereas the Governor in Council is satisfied that the making of the annexed Freezing Assets of Corrupt Foreign Officials (Tunisia and Egypt) Regulations is in the interest of international relations;
Therefore, His Excellency the Governor General in Council, on the recommendation of the Minister of Foreign Affairs, pursuant to subsections 4(1) to (3) of the Freezing Assets of Corrupt Foreign Officials ActFootnote a, hereby makes the annexed Freezing Assets of Corrupt Foreign Officials (Tunisia and Egypt) Regulations.
Return to footnote aS.C. 2011, c. 10
Interpretation
- SOR/2016-41, s. 2(F)
Definition of Tunisia
1 In these Regulations, Tunisia means the Tunisian Republic.
- SOR/2016-41, s. 3
Application
Marginal note:Application
2 Section 3 applies in respect of the property of the politically exposed foreign persons listed in Schedule 1.
- SOR/2016-41, s. 3
Prohibitions
Marginal note:Asset freeze
3 A person in Canada must not
(a) deal, directly or indirectly, in any property, wherever situated, of any politically exposed foreign person;
(b) enter into or facilitate, directly or indirectly, any financial transaction related to a dealing referred to in paragraph (a); or
(c) provide financial services or other related services in respect of any property of any politically exposed foreign person.
Application Before Publication
Marginal note:Application before publication
4 For the purpose of paragraph 11(2)(a) of the Statutory Instruments Act, these Regulations apply before they are published in the Canada Gazette.
Coming into Force
Marginal note:Registration
5 These Regulations come into force on the day on which they are registered.
- Date modified: