UK Govt’s updated Strategic Approach to Sanctions Enforcement (May 2026) refines the framework by clarifying licensing and reporting responsibilities, particularly under OTSI

The May 2026 update primarily refines Annex 1 of the UK Government’s Strategic Approach to Sanctions Enforcement by reflecting the expanded licensing role of the Office of Trade Sanctions Implementation (OTSI). It clarifies and realigns responsibilities for handling licensing applications and breach reporting, particularly in relation to trade sanctions, and provides more detailed operational guidance on how firms should report suspected breaches and apply for licences, making the overall system more consistent and clearly structured across agencies…