Special Economic Measures (Russia) Regulations

Marginal note:Disclosure

• 7 (1) Every person in Canada and every Canadian outside Canada must disclose without delay to the Commissioner of the Royal Canadian Mounted Police or to the Director of the Canadian Security Intelligence Service

  • (a) the existence of property in their possession or control that they have reason to believe is owned or controlled, directly or indirectly, by a person listed in Schedule 1 or by an entity owned or controlled by a person listed in that Schedule; and

  • (b) information about a transaction or proposed transaction in respect of property referred to in paragraph (a).

• Marginal note:Exception

  (1.1) Despite subsection (1), disclosure is not required in relation to property that came into a person’s possession or control in connection with an activity referred to paragraph 4(c.1) or (c.2).

• Marginal note:Immunity

  (2) No proceedings under the Special Economic Measures Act and no civil proceedings lie against a person for a disclosure made in good faith under subsection (1).