The Office of Trade Sanctions Implementation (OTSI) will soon be expanding its licensing role. From Monday 27 April, OTSI will become responsible for licensing sanctioned goods (and associated ancillary services) for export to sanctioned destinations. This builds on OTSI’s existing responsibilities for licensing sanctioned standalone services, such as professional business services. Licensing goods and ancillary services which are subject …
Why does reporting matter? The Office of Trade Sanctions Implementation (OTSI) is responsible for enforcing UK trade sanctions relating to sanctioned services and the movement of sanctioned goods overseas. These sanctions are restrictive measures set by government to comply with UN obligations, promote international peace, support national security, and prevent terrorism. Sometimes, …
Welcome to the Office of Trade Sanctions Implementation (OTSI) blog, where you will find helpful information about the work we do and see updates on our latest developments. What are trade sanctions and why do we use them? The UK’s …