Sanction Compliance Policy

Last updated: September 30, 2025

Lake Inc. is a global company based in Toronto, Canada, and as such we comply with laws that restrict us from doing business with individuals and businesses based in sanctioned countries. We comply with both Canada’s Special Economic Measures Act (SEMA) and US federal law with the Office of Foreign Assets Control (OFAC) sanction’s list.

Office of Foreign Assets Control (OFAC) Sanctions List

Businesses or individuals in the following countries are not permitted to have an account or transact on the Lake platform:

  • Afghanistan (AF)
  • Belarus (BY)
  • Burma (MM)
  • Myanmar (MM)
  • Central African Republic (CF)
  • Cuba (CU)
  • Democratic Republic of the Congo (CD)
  • Congo, Democratic Republic of the (CD)
  • Ethiopia (ET)
  • Iran (IR)
  • Iraq (IQ)
  • Lebanon (LB)
  • Libya (LY)
  • Mali (ML)
  • Nicaragua (NI)
  • North Korea (KP)
  • Korea, Democratic People’s Republic of (KP)
  • Russia (RU)
  • Russian Federation (RU)
  • Somalia (SO)
  • South Sudan (SS)
  • Sudan (SD)
  • Syria (SY)
  • Syrian Arab Republic (SY)
  • Ukraine (UA)
  • Venezuela (VE)
  • Yemen (YE)

The sanctions placed on these countries are subject to change.

Last Updated: Septembe 29, 2025

Current Sanctions Imposed by Canada | US Department of the Treasury