New Unit Created by UK to Clamp down on Sanctions Evasion

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.