May 22nd, 2024
2 mins
In December 2023, Government announced its intention to create a new unit within the Department for Business and Trade. – the Office of Trade Sanctions Implementation (OTSI).
The purpose of this new unit will be to improve the implementation and enforcement of trade controls and sanctions, including those against Russia. OTSI will support UK businesses in compliance with UK trade sanctions, investigate potential breaches, issue penalties, and where necessary refer cases to His Majesty’s Revenue and Customs (HMRC) for criminal enforcement.
To support and facilitate a better understanding of what OTSI will do, and how they will work with their partners across Whitehall, the Department for Business and Trade are running a webinar on Thursday 30th May, 10:00-11:30 BST.
Please click the link below to register: Webinar:
‘Introduction to the Office of Trade Sanctions Implementation (OTSI)’
The key topics covered will include:
- HMG’s trade sanctions strategy
- Guidance & Outreach
- Compliance and enforcement
- Third country movements and circumvention
During the session you will have the opportunity to ask questions and raise any issues relevant to your sector. You can read more about OTSI here
