Office Of Trade Sanctions Implementation

A recently published letter from HM Revenue and Customs (HMRC) provides insight into the interactions between HMRC and the newly established Office of Trade Sanctions Implementation (OTSI) and on investigations and enforcement of the UK’s trade sanctions regime, writes Stacy Keen. Between 2021

The UK government has set out plans for a fresh crackdown on companies dodging strict trade sanctions, including those imposed following the Russian invasion of Ukraine last year. A new Office of Trade Sanctions Implementation (OTSI) is to be established in early 2024 with responsibility for the civ