Five individuals added to Canada's Iran sanctions list

Plain-language summary · AI-assisted

Canada has added five individuals to the list of persons subject to economic sanctions under the Special Economic Measures (Iran) Regulations. The newly listed individuals are Ali Abdollahi (also known as Ali Abdollahi Aliabadi), Ebrahim Zolfaghari, Ebrahim Azizi, Hamid Hosseini, and Shahram Irani. Any person or business in Canada, or Canadians abroad, are prohibited from dealing in the property of these individuals or making goods, services, or financial resources available to them. Organizations that have any existing business relationships or transactions involving these individuals should take immediate steps to freeze those dealings and seek appropriate guidance on their compliance obligations.

Who this affects
Canadian financial institutions · Canadian businesses with Iran-related transactions · Compliance officers handling sanctions screening · Individuals or entities with connections to newly listed persons