Regulations Implementing the United Nations Resolutions on Somalia

Marginal note:Prohibited activities

• 2 (1) It is prohibited for any person in Canada or any Canadian outside Canada to knowingly

  • (a) deal in any property in Canada that is owned, held or controlled, directly or indirectly, by one of the following or by a person acting on behalf of or at the direction of that person:

    • (i) a designated person under paragraph 3, or

    • (ii) a designated person under paragraph 8;

  • (b) enter into or facilitate any transaction related to a dealing referred to in paragraph (a);

  • (c) provide or acquire any financial or related services in respect of a dealing referred to in paragraph (a);

  • (d) make available any property to or for the benefit of a designated person under paragraph 3; or

  • (e) make available any property, other than property referred to in subsection 3(2), to or for the benefit of a designated person under paragraph 8 or by a person acting on behalf of or at the direction of a designated person under paragraph 8;

  • (f) provide any financial or related services to or for the benefit of any person or any entity referred to in paragraph (d) or (e) or acquire any such services from or for the benefit of any such person or entity.

• Marginal note:Payments

  (2) Subsection (1) does not prohibit the payment of interest or other earnings to a designated person under paragraph 3 or a designated person under paragraph 8 if

  • (a) the payment is the result of a dealing or transaction that occurred before the person became a designated person under paragraph 3 or a designated person under paragraph 8; and

  • (b) the amount paid becomes subject to subsection (1).