Government of Canada announces new sanctions under the Special Economic Measures (Iran) Regulations

Further to Global Affair Canada’s news release, December 15, 2025, this message serves as a reminder that businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) must report completed or attempted financial transactions to FINTRAC when there are reasonable grounds to suspect that the transaction is related to a money laundering, terrorist financing or sanctions evasion offence.

Additionally, businesses subject to the PCMLTFA must update their processes to include these newly listed entities, review any past transactions and consider the need to report to FINTRAC, as required.

Canada is imposing additional sanctions against 4 Iranian senior officials who have been involved in gross and systematic human rights violations in the Islamic Republic of Iran (Iran) and have had a significant role in facilitating and directing repressive policies.