Overview
Steptoe partner Alexandra Melia and associate Elliot Letts authored an article for Export Compliance Manager titled "UK Launches New Trade Sanctions Agency with Strict Civil Liability Enforcement Powers." The article discusses the launch of the UK's Office of Trade Sanctions Implementation (OTSI) on October 10, 2024, which has been given powers to enforce trade sanctions. Businesses affected by UK trade sanctions must now ensure they have appropriate systems and controls to prevent breaches and comply with reporting obligations due to the heightened scrutiny from OTSI.
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