A coherent and effective approach to Canada's sanctions regimes : Sergei Magnitsky and beyond / Hon. Robert D. Nault, chair.: XC11-1/1-421-7E-PDF

"The Freezing Assets of Corrupt Foreign Officials Act was enacted in 2011 to respond to the events of the Arab Spring, which saw long-standing autocratic governments in Egypt, Libya and Tunisia toppled by large-scale popular protests. Deposed regime officials, and their family members, were suspected of holding the proceeds of corruption in foreign jurisdictions. Thus, the Government of Canada determined that a new legislative mechanism was needed to prevent the flight or liquidation of any such assets found in Canada before the new governments could seek their recovery. The Act included a five-year review clause requiring a committee of the House of Commons and of the Senate to conduct a “comprehensive review of the provisions and operation” of the Act and of the Special Economic Measures Act. On 14 April 2016, the Standing Committee on Foreign Affairs and International Development (the Committee) received an order from the House of Commons designating it as the House Committee tasked with conducting the required review. The Committee began its review of these two Acts in October 2016. Over the course of 13 meetings, the Committee heard different views on the legislation. In addition, related policy issues from government officials, academics, researchers, stakeholders and practitioners were assessed. The Committee also received written briefs and other documents that helped it to formulate the observations and recommendations outlined in this report"--p. 5.

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