UK Office of Trade Sanctions Implementation New Enforcement Powers and Increased Reporting Obligations
By: Michael Ruck, Petr Bartoš, Rosie Naylor, and Helen Phizackerley
The new Trade, Aircraft and Shipping Sanctions (Civil Enforcement) Regulations 2024 (the Regulations), came into force on 10 October 2024.
Under the Regulations, the Office of Trade Sanctions Implementation (OTSI) will have new powers to investigate alleged breaches of trade sanctions and to take enforcement action in relation to:
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