From time to time, companies may discover that they've violated export, economic sanctions, anti-corruption, or customs laws and must decide whether to self-disclose to the U.S. government agency that enforces the regulation in question. When considering a voluntary disclosure, companies must weigh all facts and circumstances leading to the potential violation, as well as the advantages and disadvantages associated with disclosure.
This Voluntary Self-Disclosure Handbook was created to provide a concise summary of the voluntary disclosure procedures administered by various U.S. government agencies. It is not meant to be a comprehensive review of the pros and cons of filing a VSD or conducting an internal corporate investigation.
Torres Law is a nationally recognized boutique international trade and national security law firm. Torres Law assists clients with the import and export of goods, technology, and services. The firm has extensive experience with the various regimes and agencies governing trade such as the Directorate of Defense Trade Controls, the Bureau of Industry and Security, the Office of Foreign Assets Control, the U.S. Customs and Border Protection and others. Our group provides clients with full support for all trade law issues, including U.S. export control and sanctions laws, industrial security, the Foreign Corrupt Practices Act, anti-boycott laws, and customs law.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.