‘Political theatre’: NDP questions sanctions regime as few funds frozen, none seized
As of June 7, Canada had ordered frozen $123 million in assets within Canada, and $289 million in transactions had been blocked, both under sanctions prohibitions related to Russia.
Meanwhile, parliamentary disclosures requested by McPherson show that Ottawa has still not used a law it passed last June that allows the government to take possession of funds from sanctioned people and divert them to victims of wrongdoing. Foreign Affairs Minister Mélanie Joly responded to the criticism by offering to work with the NDP on using sanctions to forfeit assets and divert them.“We’ve imposed extremely strong sanctions against Russian oligarchs, Belarusian oligarchs, Haiti elite members as well as Iranians.”
In March 2022, the department included Canada in a published list of 80 countries it considers to have inadequate tracking of financial dealings.
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