U.S. procedures for voluntarily self-disclosing violations of U.S. sanctions and export control laws
Recent updates to certain voluntary self-disclosure policies
Recent updates to certain voluntary self-disclosure policies
The U.S. Department of Justice (DOJ), the Department of Commerce’s Bureau of Industry and Security (BIS), and the Department of the Treasury’s Office of Foreign Assets Control (OFAC) today issued a compliance note to summarize procedures for voluntarily self-disclosing violations of U.S. sanctions and export control laws to DOJ, BIS, and OFAC.
According to today’s OFAC release, the Tri-Seal Compliance Note: Voluntary Self-Disclosure of Potential Violations [PDF 350 KB] (July 26, 2023) explains that self-disclosing potential violations can provide significant mitigation of civil or criminal liability, while also alerting national security agencies to activities that may pose a threat to the national security and foreign policy objectives of the United States.
The compliance note describes voluntary self-disclosure policies that apply to U.S. sanctions, export controls, and other national security laws as well as recent updates that have been made to certain of those policies.
For more information, contact a professional with KPMG’s Trade & Customs services:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
Jessica Libby Principal E: jlibby@kpmg.com |
| John Anderson Managing Director E: johneanderson@kpmg.com |
Jenna Leigh Glass Managing Director |
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