Federal · S-14.5

Special Economic Measures Act

Current version date March 26, 2026 · official source text · watch this law (RSS)

Government OperationsFinancial Services & Insurance

Change history

Federal · AmendedDate recorded March 26, 2026

Canada's sanctions law gains a new Part 2 requiring banks to report and remit profits earned on sanctioned foreign assets

The Special Economic Measures Act has been restructured and expanded. The original sanctions provisions are now grouped under Part 1, while a brand-new Part 2 creates specific obligations for federally regulated finan…

S-14.5Financial Services & InsuranceGovernment Operations+71 / −21 lines