Veldhoven-based ASML Holding, which provides advanced manufacturing equipment to the semiconductor industry, has said the Dutch government has partially revoked a licence to export equipment to China.
OTSI will support UK businesses in compliance with UK trade sanctions as well as be responsible for the civil enforcement of trade controls and sanctions, investigating potential breaches, issuing penalties, and referring cases to His Majesty’s Revenue and Customs for criminal enforcement related to suspected violation of trade control restrictions.
On 11 December 2023, the UK’s Industry and Economic Security Minister announced the creation of a new UK agency dedicated to implementing and enforcing trade sanctions. The Office of.
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