Regulation

UK launches new trade sanctions agency with strict civil liability enforcement powers

Issue 48.
November 2024

Author
Alex MeliaElliot Letts
+ About author

Alex Melia (amelia@steptoe.com) is a Partner in the London office of Steptoe.

Elliot Letts is an Associate in the London office of international law firm, Steptoe. www.steptoe.com

STEPTOE: OUTSIDE COUNSEL
The UK’s newest sanctions agency, the Office of Trade Sanctions Implementation (“OTSI”) launched on 10 October 2024, with a remit to strengthen the UK’s implementation and enforcement of trade sanctions. To support OTSI’s fulfilment of that purpose, it has been empowered to investigate suspected trade sanctions breaches and given strict civil liability enforcement powers by The Trade, Aircraft and Shipping Sanctions (Civil Enforcement) Regulations 2024. These are signifi...

Continue reading

SUBSCRIBED FEATURES

  • Export Compliance Manager Tackles the issues and challenges that keep trade compliance professionals awake at night... with insight and with solutions.
  • Export Compliance Manager Shares the know-how of experienced professionals, keeping its readers on top of developing best practice in trade compliance AND helping to deliver real commercial advantage.
  • Export Compliance Manager Celebrates the valuable contribution of trade compliance professionals to their companies, communities and to international security.

SUBSCRIBELOGIN

Jonny Test