Regulations Implementing the United Nations Resolutions on Yemen

Marginal note:Prohibited activities

• 3 (1) It is prohibited for any person in Canada or any Canadian outside Canada to knowingly

  • (a) deal in any property in Canada that is owned, held or controlled, directly or indirectly, by a designated person or by a person acting on behalf of, or at the direction of, a designated person;

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

  • (c) provide any financial or related services in respect of a dealing referred to in paragraph (a);

  • (d) make available any property or provide any financial or related services to a designated person, to a person acting on behalf of or at the direction of a designated person or to an entity that is owned, held or controlled, directly or indirectly, by a designated person; or

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

• Marginal note:Exception

  (2) Subsection (1) does not prohibit the payment of interest or other earnings, if the payment is the result of a dealing or transaction that occurred before the person became a designated person. However, that payment then becomes subject to subsection (1).