The Trade, Aircraft and Shipping Sanctions (Civil Enforcement) Regulations 2024 empower OTSI to enforce UK trade sanctions through civil monetary penalties, building on the role of OFSI, which has enforced UK financial...more
10/2/2024
/ Asset Freeze ,
Civil Monetary Penalty ,
Criminal Prosecution ,
Enforcement ,
Foreign Trade Regulations ,
Legal Professional Privilege ,
Reporting Requirements ,
Russia ,
Sanctions ,
Strict Liability ,
Trade Remedies ,
UK
The EU’s 14th “package” of sanctions against Russia introduces anti-circumvention measures targeting the non-EU subsidiaries of EU entities and creates new restrictions, including on LNG.
This Client Alert is published in...more