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New Unit Created by UK to Clamp down on Sanctions Evasion

11 December 2023
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New Unit Created by UK to Clamp down on Sanctions Evasion

The UK Government has announced the creation of a new unit to clamp down on companies evading sanctions, the Office of Trade Sanctions Implementation (OTSI).

The new Office of Trade Sanctions Implementation (OTSI) will:

  • Be responsible for the civil enforcement of trade sanctions, including those against Russia;
  • Aide businesses in complying with their sanctions requirements;
  • Investigate potential breaches of businesses;
  • Issue civil penalties and refer cases to HMRC for criminal enforcement where required
  • OTSI will launch in early 2024 once applicable legal requirements are implemented.

UK businesses should review the announcement to prepare for the launch of OTSI and take any preparatory actions.

 
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