OTSI will support UK businesses in compliance with UK trade sanctions as well as be responsible for the civil enforcement of trade controls and sanctions, investigating potential breaches, issuing penalties, and referring cases to His Majesty’s Revenue and Customs for criminal enforcement related to suspected violation of trade control restrictions.
On 11 December 2023, the UK’s Industry and Economic Security Minister announced the creation of a new UK agency dedicated to implementing and enforcing trade sanctions. The Office of.
UK and Cyprus collaborating to tackle sanctions evasion cyprus-mail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cyprus-mail.com Daily Mail and Mail on Sunday newspapers.
The UK government has announced the creation of the Office of Trade Sanctions Implementation (OTSI) to further crack down on those dodging UK trade sanctions. OTSI will be responsible.
On 11 December 2023, the UK Government announced plans to create the Office of Trade Sanctions Implementation (OTSI), a new governmental body that will be responsible for inter alia the.