Location: Canada
Summary (facts)
- I am a Canadian resident.
- I recently travelled to my birth country, which is currently subject to Canadian economic sanctions, to visit a terminally ill parent.
- While there I needed about CAD $300 for living expenses and emergency dental care.
- To obtain cash I:
- Moved my own cryptocurrency (purchased in Canada) from a Canadian exchange to my personal wallet.
- Sent it from that wallet to a local exchange in the sanctioned country and converted it to cash.
- After I returned, the Canadian exchange emailed asking for details about the withdrawal and my connection to wallets further in the transfer chain.
Legal question
Does this single transfer expose me to penalties under Canadian sanctions legislation (e.g., the Special Economic Measures Act)? If liability is possible, what obligations or next steps do I have when responding to the exchange’s inquiry?
(Not seeking specific wording or tactics—just the potential legal exposure and general next steps.)