Canada adds four Iranian entities and five individuals to its Iran sanctions list

Plain-language summary · AI-assisted · not legal advice

Canada has expanded its Special Economic Measures (Iran) Regulations by adding four Iranian companies and five individuals to the sanctions schedules. The four newly listed entities are Chekad Sanat Faraz Asia (also known as Shakad Sanat Asmari), Saad Sazah Faraz Sharif (also known as Sadid Sazeh Parvaz Sharif and Daria Fanavar Borhan Sharif), Kimia Part Sivan Company (also known as KIPAS), and Sarmad Electronic Sepahan Company. The five newly listed individuals are Ehsan Imaninejad, Hadi Zahourian, Mohammad Shahab Khanian, Ehsan Rahat Varnosfadrani, and Rahmatollah Heidari. Any person or business in Canada, or Canadians abroad, is prohibited from dealing in property of or providing services to these newly listed parties. Organizations that have or suspect they have a business relationship with any of these entities or individuals should review their exposure and consult compliance counsel.

Who this affects: Canadian financial institutions · businesses with Iran-linked supply chains or counterparties · compliance and sanctions officers · legal counsel advising on trade or investment with Iran