OTSI publishes its one-year update report, highlighting 146 breach assessments, 60 licence applications, enhanced reporting, whistleblower protections, and trade sanctions support for businesses

During the reporting period, OTSI received 60 licence applications, 12 of which were granted in full or partially, and 3 of which were refused.  OTSI also received 146 reports or referrals of potential breaches of trade sanctions, although no civil monetary penalties have been imposed by OTSI to date.  OTSI notes that its key priorities going forward including expanding its licensing remit and being more proactive around enforcement…