Eating Compliance for Breakfast | OTSI Arrives – New Regulator, New Risks?
In December 2023, the UK government announced the introduction of another sanctions body – the Office for Trade Sanctions Implementation (OTSI) – to have oversight of enforcing breaches of the UK trade sanctions regime. After a long wait, on 10 October 2024, it will finally be granted the statutory powers to carry out that role. Join our sanctions expert, Nick Price, who will explain OTSI's new role and its new powers, and provide insight into how this fits into the ever-expanding compliance regime for firms with overseas supply chains.
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