Regulations Implementing the United Nations Resolutions and Imposing Special Economic Measures on Libya

7 (1) [Repealed, SOR/2011-198, s. 3]

(2) No person in Canada and no Canadian outside Canada shall knowingly

• (a) deal, directly or indirectly, in any property in Canada as of February 26, 2011 or at any time after that date, that is owned or controlled by a designated person, by a person acting on behalf of, or at the direction of, a designated person or by a person owned or controlled by a designated person;

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

• (c) provide any financial or other related service in respect of the property referred to in paragraph (a);

• (d) make any property or any financial or other related service available to a designated person, to a person acting on behalf of, or at the direction of, a designated person or to a person owned or controlled by a designated person; or

• (e) make property or any financial or other related service available for the benefit of any person referred to in paragraph (d).

(3) Paragraphs 7(2)(a) to (c) do not apply to the property of the designated persons referred to in paragraph 15(b) of Security Council Resolution 2009, if that property arrived in Canada after September 16, 2011.

(4) Paragraphs 7(2)(d) and (e) do not apply to the designated persons referred to in paragraph 15(b) of Security Council Resolution 2009.