Regulations Implementing the United Nations Resolutions on Libya

Version of section 7 from 2011-02-27 to 2011-09-21:

  •  (1) In this section and in sections 14 to 16, designated person means a person referred to in paragraph (a) of the definition designated person in section 1.

  • (2) No person in Canada and no Canadian outside Canada shall knowingly

    • (a) deal, directly or indirectly, in any property in Canada as of February 26, 2011 or at any time after that date, that is owned or controlled by a designated person, by a person acting on behalf of, or at the direction of, a designated person or by a person owned or controlled by a designated person;

    • (b) enter into or facilitate, directly or indirectly, any financial transaction related to a dealing referred to in paragraph (a);

    • (c) provide any financial or other related service in respect of the property referred to in paragraph (a);

    • (d) make any property or any financial or other related service available to a designated person, to a person acting on behalf of, or at the direction of, a designated person or to a person owned or controlled by a designated person; or

    • (e) make property or any financial or other related service available for the benefit of any person referred to in paragraph (d).

Date modified: