CCUA Regulatory Compliance supports the reporting requirements under the Special Economic Measures Act, the United Nations Act, and the Freezing Assets of Corrupt Foreign Official Act. Under the Regulations, credit unions have both an obligation to search member databases for the names of designated persons and an obligation to disclose information to the RCMP and/or CSIS or FINTRAC.
The lists were last reviewed by CCUA on March 29, 2021. The Central African Republic (UN), Russia (SEMA), Somalia (UN), Sudan (UN), and Yemen (UN) individual lists were updated. The Russia (SEMA) and Ukraine (SEMA) organization lists were updated. The recent update can be found on the Lists of Designated Individuals/Organizations.