Freezing Assets of Corrupt Foreign Officials (Q15)
Under the Freezing Assets of Corrupt Foreign Officials Act (FACFOA), Canada may acquiesce to a demand by a country in turmoil to freeze the assets or restrain the property of certain of its government officials or politicians. Unlike sanctions, which are generally punitive, FACFOA restrictions are a form of assistance that Canada provides to the requesting country.
- Freezing Assets of Corrupt Foreign Officials Act
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Freezing Assets of Corrupt Foreign Officials
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Under the Freezing Assets of Corrupt Foreign Officials Act (FACFOA), Canada may acquiesce to a demand by a country in turmoil to freeze the assets or restrain the property of certain of its government officials or politicians. Unlike sanctions, which are generally punitive, FACFOA restrictions are a form of assistance that Canada provides to the requesting country.
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