Modification - Canada Enacts Freezing Assets of Corrupt Foreign Officials Act
Modification: wording change in title and second paragraph
(No. 118 - Modification - March 23, 2011 - 6:45 p.m. ET) The Honourable Lawrence Cannon, Minister of Foreign Affairs, today issued the following statement on the entry into force of a new law giving Canada the power to freeze the assets of former foreign dictators:
"The Freezing Assets of Corrupt Foreign Officials Act today received royal assent and became law. Our government now has more responsive tools in our fight against corruption and the misappropriation of state funds by repressive foreign leaders.
"The legislation allows Canada to act upon the request of a foreign state to temporarily freeze assets that these former leaders and their entourage have placed in Canada.
"This new legal tool enables Canada to fight corruption and support democratic reforms and accountability by ensuring that we can freeze any misappropriated property when the authorities of a foreign state ask us to do so."
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