Sanctions Evasion
Ensure your business complies with Canadian sanctions laws and avoids unintentional violations with real-time, automated sanctions screening.
Why Sanctions Evasion?
Sanctions evasion is a critical compliance risk. Canadian entities must not knowingly or unknowingly facilitate transactions or business dealings with sanctioned individuals, entities, or jurisdictions. FINTRAC expects reporting entities to have clear policies and procedures in place to detect and mitigate sanctions evasion risks.
Our Sanctions Screening service helps organizations implement robust, real-time controls that screen clients, transactions, and beneficial owners against up-to-date sanctions lists while providing audit-ready documentation of every decision and action.
Who Is It For?
These organizations are subject to Canadian sanctions regulations under the Special Economic Measures Act (SEMA), the United Nations Act, and the Justice for Victims of Corrupt Foreign Officials Act (JVCFOA).
Key Benefits
Avoid significant penalties by automatically flagging potential dealings with sanctioned entities or jurisdictions.
Gain better visibility into beneficial ownership structures and transactions that may mask sanctions exposure.
Automate and document every screening process to reduce manual effort and errors.
Easily generate reports for FINTRAC and other authorities with detailed audit trails.
Use Cases
How It Works
Features
Integrates global and national watchlists into onboarding and transaction flows.
Identifies countries and sectors subject to Canadian or UN sanctions.
Maps entity relationships to uncover indirect or concealed sanctions exposure.
Flags potential violations immediately for compliance intervention.
Records all actions in a structured format for regulatory inspections.
Frequently Asked Questions
What laws govern sanctions compliance in Canada?
Canadian sanctions are enforced under the United Nations Act, Special Economic Measures Act, and JVCFOA.
What should I do if I detect a sanctioned entity?
You must take steps to block the transaction or relationship and report it to FINTRAC and other relevant authorities.
Is beneficial ownership screening required?
Yes. Concealed ownership structures are often used to evade sanctions, making beneficial ownership review essential.
Are there penalties for unintentional violations?
Yes. Lack of intent does not exempt entities from penalties if appropriate screening was not in place.
How often should I screen clients and transactions?
Screen at onboarding, on a periodic basis, and during any significant transaction or change in relationship.
Getting Started
Don’t let hidden sanctions risks compromise your compliance. Automate screening, protect your business, and stay ahead of regulatory expectations.
Fill out the short contact form below or choose another convenient way to reach us. Our team is here to listen, answer your questions, and help you get compliant — fast.
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