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.

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

  • Burma (Myanmar)
  • Burundi
  • Central African Republic
  • Cote d’Ivoire
  • Cuba
  • Darfur
  • Democratic Republic of Congo
  • Iran
  • Iraq
  • Lebanon
  • Liberia
  • Libya
  • Mali
  • Nicaragua
  • North Korea
  • Russia
  • Somalia
  • Sudan (including South Sudan)
  • Syria
  • Ukraine
  • Venezuela
  • Yemen
  • Zimbabwe

The sanctions placed on these countries are subject to change.

Current Sanctions Imposed by Canada | US Department of the Treasury

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