On 12 September 2024, His Majesty’s Government (HMG) published the Trade, Aircraft and Shipping Sanctions (Civil Enforcement) Regulations 2024 (Regulations), introducing new civil enforcement powers for the Office of Trade Sanctions Implementation (OTSI), part of the Department of Business and Trade (DBT). Launching in October 2024, OTSI will be responsible for the civil enforcement of certain trade sanctions as they relate to UK services and overseas trade with a UK nexus.
UK Announces New OTSI Civil Enforcement Powers on Trade Sanctions
