Delisting of Hlaing Moe Myint

Summary#

This final regulation removes Hlaing Moe Myint from the schedule to the Special Economic Measures (Burma) Regulations. The change took effect when the regulation was registered on August 8, 2024, which ends the Canadian sanctions that had applied specifically to that person.

What it does#

• Repeals Item 88 of Part 2 of the schedule to the Special Economic Measures (Burma) Regulations, removing Hlaing Moe Myint from the list of designated persons.
• The removal follows a delisting application and a decision by the Minister of Foreign Affairs that there were no reasonable grounds to keep the listing.
• The individual’s name will be taken off the Consolidated Canadian Autonomous Sanctions List.
• The rule took effect on the day it was registered (August 8, 2024).

Who's affected#

• Primarily Hlaing Moe Myint, who is no longer subject to the travel and business restrictions under these Canadian sanctions.
• Canadian banks and financial institutions, which will update monitoring systems and may incur routine compliance costs to remove the person from watchlists.
• Canadians or Canadian businesses who had been prohibited from dealing with the person can now engage with them, subject to normal laws and regulations.
• The change does not create new obligations for most businesses; government analysis says small businesses will not be affected.

Why it matters#

• In practical terms, the person can now travel to Canada and have financial or commercial dealings with Canadians that were previously blocked under these sanctions.
• It shows how Canada’s sanctions system includes a process for removing people from lists when evidence supports delisting.
• For most members of the public this is a narrow, technical change with limited direct impact. For financial institutions and anyone with business ties to the individual, it removes a legal barrier to those interactions.