ARTICLE · 29 DECEMBER 2023

Briefing For Charities & Social Enterprises | 19 December

Bates Wells

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A new Iran sanctions regime came into force last week.

GlobalGovernment, Public Sector

Christine Rigby

Our weekly round up of news and updates from across the sector

Sanctions

A new Iran sanctions regime came into force last week.

Further Russian sanctions were also introduced – guidance can be found on the Russia sanctions statutory guidance, notices to exporters, and the notice to importers on Russia import sanctions.

The government has announced it is establishing a new Office of Trade Sanctions Implementation (OTSI). OTSI will aim to assist companies in complying with the sanctions regime but will have the power to investigate breaches, issue civil penalties and, in appropriate cases, refer matters to HMRC for criminal investigation and enforcement. OTSI will launch early in 2024.

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