Thank you for the question.
I can provide you with some information.
Legislated sanctions make it possible to freeze funds when they are linked to individuals on a list or when there are government sanctions targeting certain sectors. The legislative amendments that established the seizure and forfeiture regime relate directly to the property of listed individuals. So these are not necessarily frozen assets, for which a different process is followed.
Once the assets of a listed person have been frozen, they can be seized on behalf of the government by order of the Governor in Council. It's a legal process that involves a number of steps and offers a lot of procedural fairness to individuals who may have an interest in the property. There are steps that can be taken by various interested parties to request administrative reviews of the orders.
When the government decides to seize some assets, it makes an application to the court of the province in which the assets are located to have them seized on its behalf. Once the assets have been turned over to the government by the court, they can be transferred according to the provisions set out in the act. It may be for victims, reconstruction efforts in the country or the restoration of peace and security, as you mentioned.
As you know, there have been two seizures. In December 2022, money that belonged to Roman Abramovich was seized. Last summer, a plane located in Toronto was also seized. In that case, the process is ongoing.