The U.K. government recently established the Office of Trade Sanctions Implementation, focused on stopping companies from evading trade sanctions, particularly those against Russia, and also providing guidance to businesses on complying with trade sanctions.
In a Wall Street Journal article, anticorruption and international risk partner Amanda Raad noted that OTSI’s ultimate effectiveness will depend on how much power the unit is given.
“It’s one thing to have the people there, but do they have enough power?” said Amanda. “And does it have the political will and the teeth to actually be able to choose to bring those actions and then actually be successful in bringing them?”
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