Special Economic Measures (Democratic People’s Republic of Korea) Regulations

Version of section 11 from 2013-11-29 to 2019-03-03:

 Section 5 does not apply in respect of

  • (a) any transaction in respect of the accounts at a financial institution that are used for the regular business of the Embassies of Canada in Beijing or Seoul or their consular missions;

  • (b) a transaction by the Government of Canada that is provided for in any agreement or arrangement between Canada and the DPRK;

  • (c) non-commercial remittances of less than $1,000 sent to or from the DPRK or any person in the DPRK, if the person providing the financial services keeps a record of the transaction;

  • (d) any services provided by or to one of the following organizations for the purpose of safeguarding of human life, disaster relief, stabilization or the providing of food, medicine, medical supplies or equipment:

    • (i) international organizations with diplomatic status,

    • (ii) United Nations agencies,

    • (iii) the International Red Cross and Red Crescent Movement, or

    • (iv) a non-governmental organization that has entered into a grant or contribution agreement with the Department of Foreign Affairs and International Trade or the Canadian International Development Agency;

  • (e) any pension payable to a person in the DPRK; or

  • (f) financial services whose provision or acquisition is prohibited under section 6.1 of the Regulations Implementing the United Nations Resolutions on the Democratic People’s Republic of Korea (DPRK).

  • SOR/2013-219, s. 3
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